Deals
Trive Capital Weighs Sale, IPO of Karman Space & Defense
- Deal could value defense contractor at $3 billion or more
- Trive created space and missile technology firm in 2021
Karman Space & Defense assisted with hardware and systems for the Vulcan rocket developed by Boeing Co.
Photographer: Michelle Bruzzese/BloombergThis article is for subscribers only.
Trive Capital is exploring options including a sale or initial public offering of Karman Space & Defense, according to people familiar with the matter.
The private equity firm is working with advisers on a potential deal that could value Karman at about $3 billion or more, the people said. The firm has sounded out possible suitors for Karman, which is expected to attract interest from private equity firms, the people said.