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.
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