Candlewood Partners is pleased to announce that it served as financial advisor to Mynaric AG, providing comprehensive advisory services that included arranging growth capital, transaction structuring, financial modeling, due diligence and negotiation support.
Mynaric was seeking financing to support its near and mid-term business plan and repayment of existing debt. Candlewood’s expertise in the Aerospace & Defense sector and extensive experience in growth capital financing made it the perfect partner for Mynaric.
Candlewood identified an optimal international financing partner for the client and spearheaded the diligence, negotiation and structuring process within an expedited time frame ultimately resulting in a creative, hybrid and value-enhancing financing solution.
“From start to finish everyone was highly motivated to make this deal a success. The Mynaric management team was focused and sophisticated, and the opportunity to help them build on their success at the forefront of the exciting spaceborne communications field makes it one of my most memorable transactions at Candlewood”.
– Glenn Pollack, Managing Director, Candlewood Partners
With the new funding, Mynaric is well-positioned to capitalize on the growing demand for its technology and expand its market share. The successful deal closing is a testament to Candlewood’s unwavering commitment to delivering exceptional results for its clients and to its role as a leading middle-market partner for emerging space-sector and adjacent businesses.
Mynaric engages in developing and manufacturing industrialized laser communication products for long-distance, high data rate, secure and spectrum-free wireless data transmission between moving objects for wireless terrestrial, mobility, airborne- and space-based communications networks.
About Candlewood Partners
Candlewood Partners is a Cleveland, New York, and South Florida-based boutique investment bank and advisory firm. Since 2001, Candlewood has supported the needs of middle market companies worldwide, successfully tackling complex engagements that others cannot.