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Space

Maxar Goes Private After Advent International Deal Goes Through

By Rachel Jewett

Wednesday, May 3rd, 2023

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Maxar Goes Private After Advent International Deal Goes Through

Maxar’s headquarters. Photo: DigitalGlobe

Private equity firm Advent International has closed its acquisition of Maxar, including a minority investment from British Columbia Investment Management Corporation. Maxar will no longer be a publicly traded company and its stock is no longer trading. The deal, announced in December, acquired Maxar for $53 per share, a premium over Maxar’s trading value. The enterprise value of the deal is $6.4 billion, and $2.4 billion in debt. Maxar’s shareholders recently approved the transaction. Advent International is headquartered in the U.S. and Maxar remains a…

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