Transactions
July 12 2021
KippsDeSanto & Co. Advised Fenix Group, Inc. on its investment from Enlightenment Capital
KippsDeSanto & Co. is pleased to announce that our client, Fenix Group, Inc. (“Fenix” or the “Company”) has received a strategic investment from Enlightenment Capital.
Headquartered in Chantilly, Virginia, Fenix provides innovative, band-agile closed loop carrier grade (4G / LTE and 5G) networks supporting battlefield communication and sensor ecosystems with advanced sensor endpoints for the defense, intelligence, and disaster response sectors. Through specialized network communication services, unmanned systems integration, and patented products, Fenix increases warfighter lethality while reducing risk, complexity, and costs over legacy systems. The Company is aligned with several key government programs and customers across the U.S. Department of Defense and Intelligence Community.
Fenix has developed its technology solutions with a focus on edge networks and integrated systems, which it refers to as the “Battlefield of Things®” sensor ecosystem. Through this ecosystem, it connects a variety of battlefield sensors to include UAVs, UGVs, Unattended Ground Sensors (“UGS”), and COTS end-user devices. By leveraging 4G / LTE and 5G combined with Mobile Ad Hoc Network (“MANET”) communication technologies and edge computing, Fenix enhances situational awareness and is able to pass increased amounts of data and information at the tactical edge in both domestic and deployed environments. The Company is also at the forefront of 5G integration for military use providing infrastructure and mobile platforms equipped with 5G functionality for military installations across the U.S. through recently awarded subcontracts with several key partners.
The investment from Enlightenment Capital will support Fenix’s growth strategy by providing financial resources and strategic / M&A support as it looks to build on its success to date and expand its facility footprints in multiple states and refine the Company’s engineering process and manufacturing capacity to scale with demand.
We believe this transaction demonstrates several key trends for defense technology investing:
• Strong demand for innovative, field-proven tactical communication and sensor ecosystem capabilities supporting mission-critical defense and intelligence programs
• Continued emphasis on R&D and strategic partnerships as a means for consistent and steady product development and evolution
• Investors continue to seek opportunities to deploy capital in the defense technology market for coveted assets with strategic footprints and differentiated solutions in key high growth segments, such as 5G and communications at the tactical edge
LEAD INVESTMENT BANKERS
Karl M. Schmidt
Margo Bost
KippsDeSanto & Co. is pleased to announce that our client, Fenix Group, Inc. (“Fenix” or the “Company”) has received a strategic investment from Enlightenment Capital.
Headquartered in Chantilly, Virginia, Fenix provides innovative, band-agile closed loop carrier grade (4G / LTE and 5G) networks supporting battlefield communication and sensor ecosystems with advanced sensor endpoints for the defense, intelligence, and disaster response sectors. Through specialized network communication services, unmanned systems integration, and patented products, Fenix increases warfighter lethality while reducing risk, complexity, and costs over legacy systems. The Company is aligned with several key government programs and customers across the U.S. Department of Defense and Intelligence Community.
Fenix has developed its technology solutions with a focus on edge networks and integrated systems, which it refers to as the “Battlefield of Things®” sensor ecosystem. Through this ecosystem, it connects a variety of battlefield sensors to include UAVs, UGVs, Unattended Ground Sensors (“UGS”), and COTS end-user devices. By leveraging 4G / LTE and 5G combined with Mobile Ad Hoc Network (“MANET”) communication technologies and edge computing, Fenix enhances situational awareness and is able to pass increased amounts of data and information at the tactical edge in both domestic and deployed environments. The Company is also at the forefront of 5G integration for military use providing infrastructure and mobile platforms equipped with 5G functionality for military installations across the U.S. through recently awarded subcontracts with several key partners.
The investment from Enlightenment Capital will support Fenix’s growth strategy by providing financial resources and strategic / M&A support as it looks to build on its success to date and expand its facility footprints in multiple states and refine the Company’s engineering process and manufacturing capacity to scale with demand.
We believe this transaction demonstrates several key trends for defense technology investing:
• Strong demand for innovative, field-proven tactical communication and sensor ecosystem capabilities supporting mission-critical defense and intelligence programs
• Continued emphasis on R&D and strategic partnerships as a means for consistent and steady product development and evolution
• Investors continue to seek opportunities to deploy capital in the defense technology market for coveted assets with strategic footprints and differentiated solutions in key high growth segments, such as 5G and communications at the tactical edge
LEAD INVESTMENT BANKERS
Karl M. Schmidt
Margo Bost
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