Upcoming/New CFIUS Filing: Advent International Corporation; British Columbia Investment Management Corporation and Maxar Technologies Inc.

Status: New/ Upcoming

Acquirer: Advent International Corporation (U.S.); British Columbia Investment Management Corporation (British Columbia)

Acquired: Maxar Technologies Inc. (U.S.)

Value: approximately $6.4 billion

Industry Tags: Space; Satellites

On December 16, 2022, Maxar Technologies (NYSE:MAXR) (TSX:MAXR), “provider of comprehensive space solutions and secure, precise, geospatial intelligence,” announced that it had entered into a definitive merger agreement to be acquired by Advent International, “one of the largest and most experienced global private equity investors, in an all-cash transaction that values Maxar at an enterprise value of approximately $6.4 billion.” (Press Release, Maxar Technologies, Form 8K, Ex. 99.1, Dec. 16, 2022, SEC Filing). The “British Columbia Investment Management Corporation (“BCI”) is providing a minority equity investment.” Id. Pursuant to the merger agreement, “CFIUS Approval” is a condition of closing. (Maxar Technologies, Form 8K, Ex. 2.1, Sec 5.1., Dec. 16, 2022, SEC Filing). The transaction is expected to close mid-2023. (Press Release, Maxar Technologies, Form 8K, Ex. 99.1, Dec. 16, 2022, SEC Filing)

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