Covington Represents AE Industrial Partners Entry Into a Definitive Agreement to Acquire Stake in Firefly Aerospace

Covington Represents AE Industrial Partners' Entry Into a Definitive Agreement to Acquire Stake in Firefly Aerospace

February 24, 2022

NEW YORK—Covington represented AE Industrial Partners, LP (“AEI”) in its entry into a definitive agreement to acquire a significant stake in Firefly Aerospace from Noosphere Venture Partners LP (“Noosphere”). With the acquisition of Noosphere’s stake in Firefly, AEI will further expand its robust space investment portfolio which includes investments in Redwire Space and Sierra Space.

AEI is a U.S-based private equity firm specializing in aerospace, defense & government services, space, power and utility services, and specialty industrial markets. Firefly is an emerging leader in economical launch vehicles, spacecraft, and in-space services.

The Covington team includes Amy Wollensack and Michelle Chan (corporate) and Mark Plotkin (national security).