Buyout (LBO, MBO, MBI) • Aerospace

Macquarie Capital Acquires AirMap

On February 19, 2019, private equity firm Macquarie Capital acquired aerospace company AirMap

Acquisition Context
  • This is Macquarie Capital’s 2nd transaction in the Aerospace sector.
  • This is Macquarie Capital’s 6th transaction in the United States.
  • This is Macquarie Capital’s 3rd transaction in California.
Investment Fate
  • AirMap was sold to a strategic buyer in 2021.

Explore All 279 Buyout (LBO, MBO, MBI) Aerospace Deals - Search the Database Free


M&A Deal Summary

Date February 19, 2019
Target AirMap
Sector Aerospace
Buyer(s) Macquarie Capital
Deal Type Buyout (LBO, MBO, MBI)

Target Company

AirMap

Santa Monica, California, United States
AirMap is an airspace management platform for drones. Industry developers, drone operators, and airspace managers rely on AirMap’s airspace intelligence and services to fly safely and communicate in low-altitude airspace. AirMap unlocks safe, efficient, and scalable operations by connecting the world’s drones to airspace authorities through an open platform of APIs and SDKs, with integrations by top drone manufacturers and solution providers in over 25 countries. AirMap is a leader in delivering technology solutions for UAS Traffic Management (UTM) and U-space to enable safe and responsible drone operations at scale. AirMap was founded in 2014 and is based in Santa Monica, California.
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Buyer Overview 1

DESCRIPTION

Macquarie Capital is the principal investing arm of financial services company Macquarie Group. Macquarie Capital has global capability in advisory, capital raising services, and provides clients with specialist expertise, advice and flexible capital solutions across a range of sectors and products including investing alongside partners and clients. Macquarie Capital is based in Sydney, Australia.


Deal Context for Buyer #
Overall 16 of 34
Sector: Aerospace 2 of 2
Type: Buyout (LBO, MBO, MBI) 8 of 8
State: California 3 of 4
Country: United States 6 of 16
Year: 2019 4 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-02-19 Envoy There Envoy Technologies)

Culver City, California, United States

Envoy There is a provider of turnkey electric vehicle-sharing services, offering on-demand vehicles where people live, work and stay (i.e. apartments, student housing, office campuses, co-working spaces, hotels, and municipalities). Envoy equips real estate owners and operators with a new and innovative way to enhance the lifestyle of their tenants, members, and guests by providing mobility as an amenity while also providing forward-thinking municipalities electric vehicles on demand for their residents.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-04-09 Foresters Financial - Mutual Fund Management Business

Toronto, Ontario, Canada

Foresters Financial - Mutual Fund Management Business is a provider of mutual fund management services.

Buy -