Reviewing and Forecasting Industry M&A Activity

Alexis Sáinz is the global co-leader of the Hogan Lovells Space and Satellite practice and a member of the Infrastructure, Energy, Resources & Projects group. She regularly represents export credit and multilateral development agencies, satellite operators, aerospace manufacturers, launch services providers, communications companies, financial institutions, project sponsors, private equity firms, hedge funds, and other industry participants on structured, project and vendor financings, in negotiating commercial and corporate transactions, and with commercially strategic regulatory matters. She also provides industry advice in connection with debt and equity offerings, joint ventures, mergers & acquisitions, and financial restructurings.

Alexis works with investors and lenders to understand the underlying issues impacting space projects and companies, at the intersection of commercial, regulatory and financing aspects of a transaction. She works with project parties to focus on key deal points and to identify appropriate industry-based risk mitigants and efficient allocation of risk in order to build consensus and drive closure. She works with companies to build a project and financing strategy from the ground up, anticipating financing issues early in the development of a new project or the growth of a company.

Alexis co-chairs the American Bar Association’s Committee on Space Law. She co-authored the chapter on “Commercial Satellite Programs” in the Routledge Handbook of Space Law. Prior to beginning her legal career in 2007, Alexis spent over 10 years working in internet-based industries, including e-commerce and media. She previously served as a consultant for the World Bank, National Geographic, and domestic non-profit organizations in connection with internet-based technology, and she was an early member of KPMG Peat Marwick’s financial service’s e-commerce consulting practice, where she focused on emerging technologies.

François Chopard is the Founder & CEO of Starburst Aerospace. A distinguished aerospace engineer, strategy advisor, founder, and venture capitalist, he has played a pivotal role in shaping today’s global Aerospace and Defense (A&D) industry and bringing aerospace to the forefront of conversation. With over 20 years of experience in strategy consulting, entrepreneurship, and business development, Chopard specializes in Aviation, Space, and Defense, featuring high stakes technologies.

In 2012, Chopard founded Starburst Aerospace, an aerospace management consultancy and the first global accelerator designed to guide aerospace startups from ideation to growth. Starburst specializes in three core areas with a focus on helping A&D stakeholders innovate, navigate and invest in the dynamic ecosystem: strategy and innovation consulting for corporate and government industry majors, tailored maturity-based startup acceleration programs, and investment support. In 2022, Chopard launched Starburst Ventures, an independent US-based venture capital fund exclusively dedicated to investing across Aviation, Space, and Defense.

As a widely respected industry veteran, Chopard has been asked to lend his aerospace expertise on a range of issues such as urban mobility, the future of transportation, and investing in aerospace. He is a renowned speaker, having been featured at major conferences like the World Economic Forum in Davos, where he offers insights into the future of aerospace innovation. Chopard’s current endeavors surround future trends, product strategy, and open innovation.

Prior to establishing Starburst, Chopard served as a Partner at Oliver Wyman France. He also founded and was the CEO of Arendi Consulting. He began his career as an Airbus Engineer before spending two years in the US Air Force Research Laboratory (AFRL). Chopard holds a Master of Science in Electrical Engineering from CentraleSupélec in Paris, France.

Armand Musey is President and Founder of Summit Ridge Group. He has over 15 years of equity research, investment banking, and consulting experience. Armand has completed dozens of financial valuation, strategic analysis, business development, corporate governance, and business plan creation assignments in the communications industry and has experience working on numerous financing and M&A transactions. His projects include leading Summit Ridge Group’s support of the U.S. Department of Justice’s Antitrust division’s review of the proposed T-Mobile/Sprint merger.

Armand’s involvement with a wide breadth of companies has allowed him to develop a deep understanding of a range of media and telecom issues and the complex web of relationships underlying the sector’s competitive dynamics and associated regulatory issues. His legal background allows him to understand the heavily regulated telecom sector. During litigation support assignments, Armand’s legal background also allows him to quickly digest legal documents and identify industry issues likely to be most relevant to the legal team he supports. Prior to founding Summit Ridge Group, Armand led the satellite industry research teams for Banc of America Securities, and later Solomon Smith Barney where he also covered the wireless tower industry. He earned numerous honors as a research analyst including being named to the Institutional Investor “All American” team three times (2000-2002) and the Wall Street Journal “All-Star” team. He was ranked as the top satellite industry analyst by Greenwich Associates. He was previously president of a boutique investment bank specializing in the satellite, media, and telecom industries.

Sunil Nagaraj is the Founder and Managing Partner of Ubiquity Ventures, a seed-stage institutional venture capital firm with almost $200 million under management and a focus on “software beyond the screen” startups. This includes B2B technology companies that utilize smart hardware or machine learning to solve business problems outside the reach of computers and smartphones. By transforming real-world physical problems into the domain of software, Ubiquity-backed startups tap into large greenfield markets and offer more effective solutions.

His current and past space investments include Rocket Lab (NASDAQ: RKLB), Spire (NASDAQ: SPIR), Loft Orbital, and Muon Space.

Prior to founding Ubiquity Ventures, Sunil spent the better part of a decade with Bessemer Venture Partners where his work included leading the seed rounds of Auth0 (acquired by Okta for $6.5 billion) and Zapier.

Sunil holds an MBA from Harvard Business School and a BS in Computer Science from the University of North Carolina at Chapel Hill. He is a Past President of the Astronomical Society of the Pacific (the largest general astronomy education society in the world with past Presidents including Edwin Hubble and Frank Drake). He also serves on the Advisory Board of the Harvard Business School California Research Center and as an Alumni Advisor to the Harvard MS/MBA program.

Mr. Schmidt is a Managing Director at KippsDeSanto & Co. and co-heads the Aerospace / Defense Group.
Prior to joining KippsDeSanto & Co., Mr. Schmidt was a Senior Vice President in Houlihan Lokey’s Washington, DC office and a member of its Aerospace·Defense·GovernmentServices industry investment banking group, where he focused on sellside and buyside M&A advisory engagements, sourcing growth capital, and conducting strategic alternatives assessments. Prior to joining Houlihan Lokey’s ADG practice, Mr. Schmidt was a cavalry officer in the U.S. Army, serving in Europe, the Middle East, and the United States in various combat arms assignments. He also served in the Pentagon on the staff of the Chairman of the Joint Chiefs of Staff, working on classified intelligence assessments and transformation efforts, and he served on the U.S. Army Staff, working on equipment modernization and weapons testing.
Mr. Schmidt earned a B.S. in engineering (aeronautical) from the United States Military Academy at West Point, an M.S. in operations research from the Naval Post Graduate School, and an M.B.A. from the Wharton School of the University of Pennsylvania. He is registered with FINRA as a General Securities Registered Representative (Series 7, 63).