Allied Minds will collect $65.6m for its 58% stake in data analytics satellite operator HawkEye 360, which it founded on the back of Virginia Tech research.
Commercialisation firm Allied Minds is poised to rake in $65.6m for its majority stake in HawkEye 360, a US-based data gathering satellite operator exploiting Virginia Tech research.
The cash consideration is a 5.6x return on Allied Minds’ 58% stake and represents an internal rate of return of 96% for the firm over four years. About half of the sum will be paid to Allied Minds’ shareholders.
The buyer was not named in Allied Minds’ statement, but was identified…
