PE Deals

Advent and BCI complete take-private buyout of Maxar for $6.4bn

As a result of the closing, Maxar will no longer trade on the New York Stock Exchange and the Toronto Stock Exchange.

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  • J.P. Morgan Securities served as financial advisor to Maxar while Goldman Sachs and Morgan Stanley served as financial advisors to Advent
  • Skadden, Arps, Slate, Meagher & Flom served as lead counsel to BCI
  • Boston-based Advent International had $92 billion in assets under management, as of December 31, 2022

Advent International and British Columbia Investment Management Corp have closed their previously announced take-private buyout of Maxar Technologies, a geospatial intelligence company, for $6.4 billion.

As a result of the closing, Maxar will no longer trade on the New York Stock Exchange and the Toronto Stock Exchange.

J.P. Morgan Securities served as financial advisor to Maxar while Goldman Sachs and Morgan Stanley & Co served as financial advisors to Advent.

Skadden, Arps, Slate, Meagher & Flom LLP served as lead counsel to BCI. Freshfields Bruckhaus Deringer LLP served as BCI’s legal advisor with respect to certain regulatory matters.

Founded in 1984, Boston-based Advent International had $92 billion in assets under management, as of December 31, 2022.

Based in Victoria, British Columbia, BCI is invested in fixed income and private debt, public and private equity, infrastructure and renewable resources, and real estate equity and debt.