ICR Inc. handles SatixFy, the Israel-based maker of semiconductor chips for the satellite telecom market, as it merges with Endurance Acquisition Corp. in a SPAC deal valued at more than $800M.
EAC is an affiliate of Antarctica Capital, the New York-based private equity firm with $2B in assets under management.
SatixFy’s customer base includes Telesat, OneWeb, ST iDirect and Airbus.
Yoel Gat, SatixFy co-founder and CEO, said his company sells the “picks and shovels for the 21st Century’s gold rush in space.”
He said proceeds from the merger will “put us in position to quickly grow in what we see as a $20B 2029 market opportunity” in segments such as ground terminals, low Earth orbit broadband satellites and business/commercial aircraft.
ICR’s Kevin Hunt and Brian Ruby represent SatixFy.