Sleeping Bear Capital Portfolio Company Completes Sale to Redwire
SAN FRANCISCO, June 18, 2025--(BUSINESS WIRE)--Sleeping Bear Capital ("SBC"), a middle market-focused independent sponsor, today announced the successful sale of portfolio company Edge Autonomy, a leading provider of UAV system technology, to Redwire Corporation (NYSE: RDW) ("Redwire"). Edge Autonomy is a leader in providing autonomous systems and resilient energy solutions to the U.S. Department of Defense, U.S. Federal Civilian Agencies, and allied governments around the world.
Sleeping Bear Capital previously sold its wholly owned portfolio company, Adaptive Energy, to Edge Autonomy and has maintained a board seat and minority equity stake since 2022. As of the closing stock price of $19.32 on June 12, 2025, the deal value totaled over $1.14 billion—marking SBC's first billion-dollar exit and a major milestone in the firm's investment track record. SBC acquired Adaptive Energy by spinning out the fuel cell technology business from Ultra Electronics Holdings in 2018.
"When we first invested in Adaptive Energy, we saw a best-in-class power solution for the most demanding defense and aerospace environments," said Ranvir Gujral, Managing Partner of Sleeping Bear Capital. "We believed that combining Adaptive with Edge Autonomy's unmanned systems platform could create something truly differentiated—and the outcome has exceeded even our highest expectations. This result is a credit to the leadership and engineering teams who executed relentlessly on a shared vision."
About Sleeping Bear Capital
Sleeping Bear Capital is a private equity sponsor with a demonstrated track record in business unit spinouts and mid-market acquisitions. Founded by Ranvir Gujral in 2018, SBC has completed over 30 investments, ranging from angel and pre-seed investments to control transactions. For more information, please visit sleepingbearcap.com.
View source version on businesswire.com: https://www.businesswire.com/news/home/20250618520778/en/
Contacts
Media Contact: Kate MellingerSleeping Bear Capitalkate@sleepingbearcap.com 954.445.3878
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Business Wire
an hour ago
- Business Wire
VERVE THERAPEUTICS INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Verve Therapeutics, Inc.
NEW YORK & NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC ('KSF') are investigating the proposed sale of Verve Therapeutics, Inc. (NasdaqGS: VERV) to Eli Lilly and Company (NYSE: LLY). Under the terms of the proposed transaction, shareholders of Verve will receive $10.50 per share in cash, plus one non-tradeable contingent value right per share entitling the holder to receive up to an additional $3.00 per share upon the achievement of certain milestones. KSF is seeking to determine whether this consideration and the process that led to it are adequate, or whether the consideration undervalues the Company. If you believe that this transaction undervalues the Company and/or if you would like to discuss your legal rights regarding the proposed sale, you may, without obligation or cost to you, e-mail or call KSF Managing Partner Lewis S. Kahn ( toll free at any time at 855-768-1857, or visit to learn more. Please note that the transaction is structured as a tender offer, such that time may be of the essence. To learn more about KSF, whose partners include the Former Louisiana Attorney General, visit
Business Wire
3 hours ago
- Business Wire
i2i Logic Partners with Wells Fargo to Provide Personalized Digital Services for Commercial Banking Clients
NEW YORK--(BUSINESS WIRE)--Today, i2i Logic and Wells Fargo & Company (NYSE:WFC) announced that the i2i Logic Client Intelligence Platform will be implemented by Wells Fargo Commercial Banking to drive a personalized experience for its clients. "The right combination of tech, data, analytics and insight can transform the client service model in commercial banking." Wells Fargo Benchmark Intelligence ©, driven by i2i Logic, integrates Wells Fargo's industry insights and U.S. middle-market expertise with public data to generate thousands of unique benchmarks. Sharing these data benchmarks with clients provides a highly personalized digital service – helping to assess and uncover their banking needs to offer the right financial solutions, such as cash management, working capital, long-term capital, and market risk products. 'Wells Fargo has data that, when utilized with the right digital solutions, makes it possible to gather insights that help clients understand the banking solutions they need to grow at scale,' said Kiran Vuppu, Head of Client Insights and Commercial Lending Product Management for Wells Fargo Commercial Banking. 'Not only can our commercial clients benefit from these tools, but they also create additional efficiencies for our bankers in speaking with clients.' Tim Maddock, Co-Founder and Managing Director of i2i Logic noted 'the right combination of tech, data, analytics and insight can transform the client service model in commercial banking, and we are incredibly excited to collaborate with Wells Fargo and their bankers on their journey.' About i2i Logic The i2i Logic Client Intelligence Platform is used by commercial and corporate banks to generate intelligence on client needs – it links those needs to bank solutions in a beautiful workflow for the banker and provides supporting material in seconds. Bankers can see more clients more often; clients receive hyper personalized attention. i2i Logic has established offices in Melbourne, New York and London - servicing clients across all those time zones. Contact i2i Logic at info@ Additional information may be found at LinkedIn: About Wells Fargo Wells Fargo & Company (NYSE: WFC) is a leading financial services company that has approximately $1.9 trillion in assets. We provide a diversified set of banking, investment and mortgage products and services, as well as consumer and commercial finance, through our four reportable operating segments: Consumer Banking and Lending, Commercial Banking, Corporate and Investment Banking, and Wealth & Investment Management. Wells Fargo ranked No. 34 on Fortune's 2024 rankings of America's largest corporations. News, insights, and perspectives from Wells Fargo are also available at Wells Fargo Stories.
Yahoo
4 hours ago
- Yahoo
Albemarle Corporation to Release Second Quarter 2025 Earnings Results on Wednesday, July 30, 2025
CHARLOTTE, North Carolina, June 18, 2025 /PRNewswire/ -- Albemarle Corporation (NYSE: ALB), a global leader in providing essential elements for mobility, energy, connectivity and health, announced today that it will release its second quarter 2025 earnings after the NYSE closes on Wednesday, July 30, 2025. The company will hold a conference call to discuss its second quarter 2025 results on Thursday, July 31, at 8 a.m. ET. Access to the call is available via webcast or direct dial. A link to the webcast can be found through Albemarle Corporation's website at Direct dial numbers are provided below: Participant Dial-in Numbers:U.S. & Canada Toll-Free: 1 (800) 590-8290International: 1-240-690-8800Conference ID: ALBQ2 Webcast Details: Event Title: Albemarle Q2 2025 Earnings CallEvent Date: July 31, 2025Start Time: 8 a.m. ET Attendee URL: Replay Information:A webcast replay will be available following the conclusion of the event through the News and Events page on Albemarle's website, About AlbemarleAlbemarle Corporation (NYSE: ALB) leads the world in transforming essential resources into critical ingredients for mobility, energy, connectivity and health. We partner to pioneer new ways to move, power, connect and protect with people and planet in mind. A reliable and high-quality global supply of lithium and bromine allows us to deliver advanced solutions for our customers. Learn more about how the people of Albemarle are enabling a more resilient world at LinkedIn and on X (formerly known as Twitter) @AlbemarleCorp. Albemarle regularly posts information to including notification of events, news, financial performance, investor presentations and webcasts, non-GAAP reconciliations, Securities and Exchange Commission filings and other information regarding the company, its businesses and the markets it serves. Investor Relations Contact: +1 (980) 299-5700, invest@ Media Contact: Peter Smolowitz, +1 (980) 308-6310, media@ View original content to download multimedia: SOURCE Albemarle Corporation
