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December 21st, 2022
Advent to acquire Maxar Technologies for $6.4bn

Global private equity investor Advent International (Advent) is to acquire Maxar Technologies, a provider of comprehensive space solutions and secure, precise, geospatial intelligence, in an all-cash transaction that values Maxar at an enterprise value of approximately $6.4 billion.

The transaction is expected to close mid-2023, subject to customary closing conditions, including approval by Maxar stockholders and receipt of regulatory approvals.

JP Morgan Securities LLC is serving as financial advisor to Maxar and Wachtell, Lipton, Rosen & Katz is serving as lead counsel to Maxar. Milbank LLP is serving as Maxar’s legal advisor with respect to certain space industry and regulatory matters.

Goldman Sachs & Co LLC and Morgan Stanley & Co LLC are serving as financial advisors to Advent and Weil, Gotshal & Manges LLP is serving as lead counsel to Advent. Covington & Burling LLP is serving as Advent’s legal advisor with respect to certain regulatory matters.