KippsDeSanto & Co. advises Altamira Technologies Corporation on its Sale to a ClearSky-led Investor Group
KippsDeSanto & Co. is pleased to announce the sale of its client, Altamira Technologies Corporation (“Altamira” or the “Company”), a portfolio company of Columbia Capital and Razor’s Edge Ventures, to a ClearSky-led investor group.
Headquartered in McLean, VA, Altamira is a leading provider of technology solutions to the defense and intelligence communities, with considerable domain expertise in Space Superiority, Cybersecurity, and Command, Control, Communications, Computers, Intelligence, Surveillance, and Reconnaissance (“C4ISR”). Altamira partners with emerging and strategic commercial technology companies to combine innovations in data analytics, such as artificial intelligence (“AI”) and machine learning (“ML”), software development, multi-intelligence analysis, and cybersecurity with deep mission knowledge. The Company’s mission-critical solutions provide its customers strategic and tactical advantage over adversaries in the space, cyberspace, and battlespace domains to enhance the overall U.S. national security posture.
Additional investors in the ClearSky-led investor group include McNally Capital and Nio Advisors.
We believe this investment demonstrates several key trends in the defense and intelligence M&A market:
- Technology-driven, high-end solutions companies focused on Space and C4ISR programs continue to be key priority areas for buyers and investors
- Buyers and investors continue to place significant value on companies with deeply-embedded defense and intelligence customer relationships, most especially those aligned with favorable budget forecasts
- Private equity investors remain actively focused on purpose-built growth platforms with a proven track record of innovation and delivery at scale
About KippsDeSanto & Co. KippsDeSanto & Co. is an investment banking firm focused on serving growth-oriented Aerospace / Defense, Government Services and Technology companies. We are focused on delivering exceptional M&A and Financing transaction results to our clients via leveraging our scale, creativity and industry experience. We help market leaders realize their full strategic value. Having advised on over 100 industry transactions, KippsDeSanto is recognized for our analytical rigor, market insight, and broad industry relationships. There’s no substitute for experience. For more information, visit www.kippsdesanto.com.
ClearSky-led Investor Consortium Acquires Altamira Technologies in National Security Play
July 24, 2019 10:56 AM Eastern Daylight Time
MCLEAN, Va.–(BUSINESS WIRE)–Altamira Technologies Corporation, a market leader in delivering innovative, mission-focused analytics and engineering solutions to the U.S. national security community, today announced that the company has been acquired by an investor group led by ClearSky. Altamira was formed to address the growing gap in mid-sized innovators that possess the ability to scale as well as the agility to adapt to a rapidly changing threat environment and technology landscape. The company has experienced a 20%+ CAGR over the past 4 years and its multi-billion dollar set of contract vehicles position it at the forefront of continued growth and expansion into the broader defense, intelligence and homeland security markets.
“We are very excited by the opportunity that this new partnership will provide to continue to drive strong organic growth, invest in innovative new solutions, as well as for strategic acquisitions,” said Altamira CEO, Ted Davies. “We have carefully constructed a unique platform built to scale and support core national defense and intelligence missions and are enthused that our investors share our vision for the future.”
In addition to ClearSky, other investors in the ClearSky-led consortium include McNally Capital and Nio Advisors. In connection with the transaction, ClearSky Managing Director Peter Kuper and ClearSky Chairman Joseph R. Wright, Jr. are joining Altamira’s board of directors, as is Ward McNally, Managing Partner at McNally Capital.
“Altamira has positioned itself well to continue to provide trusted, value-added, and critical mission-focused solutions as a key partner with its clients,” said ClearSky Chairman and incoming Altamira Chairman Joseph R. Wright, Jr. “We are pleased to support the strong management team and professionals at Altamira, and are excited by the opportunities for further business growth and innovation at Altamira.”
“We are excited to partner with Altamira, ClearSky and Nio Advisors on this transaction, which is in line with our commitment to partner with best-in-class management teams and investors,” said incoming Altamira director Ward McNally.
KippsDeSanto & Co. served as exclusive financial advisor and Cooley LLP served as legal advisor to Altamira in the transaction.
Altamira Technologies leverages its award-winning culture of excellence to deliver innovative solutions to the defense, intelligence, and homeland security communities. The company provides customers a mission advantage through full-spectrum advanced engineering, data analytics, and cyber operations services and solutions from research through development and into operations.
ClearSky is a venture capital/growth equity firm that has been operating since 2012 with offices in Florida, New York, Boston and San Francisco. ClearSky is currently investing through two funds: ClearSky Power & Technology and ClearSky Security. ClearSky Power & Technology invests in innovative companies providing technology and services to enterprise customers, with a special focus on the power sector. ClearSky Security invests in companies that offer transformative security solutions, with a special focus on cybersecurity, industrial security and critical infrastructure security.
About McNally Capital
Formed by the McNally family, who owned and operated Rand McNally & Company, McNally Capital is dedicated to upholding a 140+ year legacy as a family-owned and operated company. Today, McNally Capital is focused exclusively on Direct Family Capital through Direct Investing. With an emphasis on partnership, we harness the financial, intellectual, and human capital of our family office ecosystem to build value for family office investors, management teams and operating companies. We maintain a private network of over 800 family offices with whom we collaborate to make and manage direct investments.