With the transaction’s completion, Maxar will continue to operate as a U.S.-controlled and owned company and will stop trading on both the New York and Toronto stock exchanges, the companies said in a joint release published Wednesday.
In December, Advent, along with minority investor BCI, agreed to buy the Westminster, Colorado-based geospatial intelligence and space platforms provider.
J.P. Morgan Securities and Wachtell, Lipton, Rosen & Katz respectively served as financial adviser and lead counsel to Maxar. Milbank acted as the contractor’s legal adviser with respect to regulatory and space industry matters.
Goldman Sachs & Co. and Morgan Stanley & Co. served as financial advisers to Advent and Weil, Gotshal & Manges acted as lead counsel to the private equity firm. Covington & Burling was Advent’s legal adviser with respect to certain regulatory matters.
Skadden, Arps, Slate, Meagher & Flom was BCI’s lead counsel in the transaction. Freshfields Bruckhaus Deringer served as BCI’s legal adviser with regard to certain regulatory matters.
Chuck Brooks is the president of Brooks Consulting International and one of Executive Mosaic’s GovCon Experts. As a longtime advocate for cybersecurity…
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