Space company Maxar Technologies Inc. is being acquired and taken private in a $6.4 billion acquisition by a private equity company buying shares at more than double Maxar’s stock price.
“Advent came to speak to us because they’re excited about the growth and trajectory of the company,” saidBeing private under Advent International’s ownership would give the company better access to capital for things like adding the seventh and eighth satellites to the company’s planned WorldView Legion satellite fleet and making other strategic moves, Jablonksy said.
Advent International, which acquires businesses in a wide variety of industries internationally, said it was attracted to Maxar’s business and growth prospects.
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