SatixFy Communications merges with Endurance Acquisition Corp. in deal worth up to USD 815 million
SatixFy Communications has announced its merger agreement with Endurance Acquisition Corp. in a transaction valued up to USD 815 million that will result in SatixFy becoming a US publicly listed company.
SatixFy is a vertically integrated fabless semiconductor chip company providing products based on in-house developed chips across the entire satellite communications value chain.
Endurance is a publicly traded special purpose acquisition company formed by an affiliate of Antarctica Capital, an international private equity firm with USD 2 billion of assets.
Davis Polk & Wardwell and Gross & Co are representing SatixFy as legal counsel. Morrison & Foerster and Meitar are representing Endurance as legal counsel. DLA Piper is acting as placement agent counsel.
Gross Law acted for SatixFy Communications, with the deal led by Rick Mann, Perry Wildes, Craig Rubin and Shelly Barad Levi of the firm’s M&A department. Additional lawyers that worked on the deal include Oren Biran, Shay Fahima and Ella Tevet. Read more here.
