Advent International and BCI complete Maxar acquisition
On May 3, Westminster, CO-based Maxar Technologies, a provider of comprehensive space solutions and secure, precise, geospatial intelligence, announced that U.S. private equity firm Advent International, alongside minority investor British Columbia Investment Management Corporation (BCI), completed their acquisition of Maxar. With the closing of the transaction, Maxar will remain a U.S.-controlled, owned and operated company.
On December 16, 2022, Advent and Maxar announced that they had entered into a definitive merger agreement under which all outstanding shares of Maxar common stock would be acquired for $53.00 per share in cash, valuing Maxar at approximately $6.4 billion.
With the completion of the transaction, Maxar’s common stock has ceased trading and is no longer listed on the New York Stock Exchange, and Maxar’s common stock will also be de-listed from the Toronto Stock Exchange. An application will be made for Maxar to cease to be a reporting issuer in the applicable Canadian jurisdictions as a result of completion of the transaction.
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