Kirkland Advises BETA Technologies on Raising More Than $300 Million of Equity Capital

Kirkland & Ellis advised electric aerospace company BETA Technologies, Inc. on the raise of $318 million in Series C equity capital. QIA led the raise, and several of BETA's largest investors, including Fidelity Management & Research Company and TPG Rise Climate increased their ownership in BETA. Longtime customer United Therapeutics has also joined this round as an investor. To date, BETA has raised more than $1 billion in equity capital. The new investment supports BETA's continued momentum certifying, producing and deploying all-electric aircraft and infrastructure, serving both commercial and military customers across cargo, logistics, medical and passenger applications.

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The Kirkland team included corporate lawyers Adam Phillips, Chris Burwell, Mohammed Banjari, David Feirstein and Ravi Agarwal; capital markets lawyers Matt Pacey and Jennifer Wu; international trade & national security lawyers Ivan Schlager and Erika Krum; and technology & IP transactions lawyer Daniel Lewis.