Kirkland Advises AEVEX Corp. on Follow-On Offering

Kirkland & Ellis advised AEVEX Corp., a portfolio company of Madison Dearborn Partners’ funds and a global defense leader in unmanned systems, on its underwritten public offering of 5,726,157 shares of its Class A common stock by AEVEX and 2,273,843 shares by certain selling stockholders at a public offering price of $27 per share. In addition, AEVEX and the selling stockholders granted the underwriters a 30-day option to purchase up to an additional 858,923 and 341,077 shares, respectively, at the public offering price.

This is AEVEX’s first follow-on offering, occurring just 48 days after its IPO on April 16, 2026, which Kirkland also led.

The Kirkland team included capital markets lawyers Bob Hayward, Michael Keeley, Kevin Frank, Grace O’Connor, Zack Stutler, Jackson Fountain, Parker Davis and Robert Maneke; corporate lawyers Jon-Micheal Wheat, Kevin Stocks, Tyler Kuhn and Sarah Zanola; executive compensation lawyers Steph Matko and Yuchen Xie; tax lawyers Rachel Cantor, Christine Lehman, Natalie Kannan and Taddie Larson; and debt finance lawyers Maureen Dixon, Claire Rokita, Georgie Bierwirth and Marcelo Figueroa.