Milbank LLP advised Maxar Technologies Inc. (“Maxar” or the “Company”), a provider of comprehensive space solutions and secure, precise, geospatial intelligence, on the successful closing of its take-private sale to private equity firm Advent International, alongside minority investor British Columbia Investment Management Corporation (“BCI”).
All outstanding shares of Maxar common stock were acquired for $53.00 per share in cash, valuing the Company at approximately $6.4 billion. Maxar’s common stock has ceased trading and is no longer listed on the New York Stock Exchange and will also be de-listed from the Toronto Stock Exchange.
Milbank advised Maxar on space industry, commercial and regulatory aspects of the transaction.
The Milbank team was led by Transportation and Space partner Dara A. Panahy and included partners John Beahn (CFIUS / National Security), Patrick Campbell and Bijan Ganji (Transportation & Space), Andrea Hamilton and Alexander Rinne (Antitrust), special counsels Dana Zelman (CFIUS / National Security) and Lafayette Greenfield (Transportation & Space) and associates Darren Fernandez, Ethan Heben and Brian Murff (Transportation & Space).
