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出现购买卫星运营商Maxar技术以约40亿美元
出现已承诺提供31亿美元的股权融资交易,而英国哥伦比亚投资管理公司是10亿美元。
由Tiyashi特,阿卡什斯和大卫Carnevali
私人股本公司随着国际周五同意购买卫星运营商Maxar技术公司以约40亿美元。
包括债务在内,该交易价值64亿美元,标志着最大的杠杆收购在最近几个月,在一个具有挑战性的融资环境,使得它越来越难以涉及私人股本公司的收购。
出现已承诺提供31亿美元的股权融资交易,而英国哥伦比亚投资管理公司是10亿美元。
出现提供了53美元Maxar分享,溢价近129%股票的收盘价。Maxar在午后交易中股价上涨了约122%。
Maxar和出现在谈判之前达成协议,该公司没有正式的销售过程,据一位知情人士透露,。接近该公司出现在春末探索一个事务和谈判曾掀起在秋天,消息人士称。
威斯敏斯特,科罗拉多州Maxar拥有超过90颗人造卫星提供通信、图像和数据给客户,其中包括美国。政府,国际电信卫星和sirius xm公司。最近几个月,Maxar乌克兰战争提供了高分辨率的卫星图像,等等。
该公司还参与美国国家航空航天局阿耳特弥斯计划重返月球。
国防开支
出现投入了近280亿美元的国防安全和网络安全在过去的三年,其投资组合公司支持许多卫星和防御平台和服务美国政府及其盟友。
该交易预计将在2023年中期完成。该协议还包括一个60天的“观望”时期。
“可能会有国防'(承包商)如雷声或L3Harris愿意把另一个出价的观望期,”奥斯汀Moeller说,分析师Canaccord Genuity。
他补充说,战略买家可能会面临一个艰难的从美国联邦贸易委员会的反垄断审查,最终使Maxar更有可能与私人股本公司买家。
今年2月,洛克希德·马丁公司终止其收购喷气式飞机Rocketdyne提起诉讼的联邦贸易委员会阻止收购。
Maxar,其历史可以追溯到1950年代,已经失去了在市场价值约20%,今年迄今为止,相比其他的损失超过50%卫星图像公司,比如Satellogic公司和尖顶全球公司,与无偿公司通过兼并上市的。
摩根大通证券有限责任公司Wachtell, Lipton, Rosen & Katz建议Maxar。高盛(Goldman Sachs) & Co .公司,摩根士丹利(Morgan Stanley) & Co LLC Weil, Gotshal & Manges律师事务所律师事务所建议出现。
私人股本公司随着国际周五同意购买卫星运营商Maxar技术公司以约40亿美元。
包括债务在内,该交易价值64亿美元,标志着最大的杠杆收购在最近几个月,在一个具有挑战性的融资环境,使得它越来越难以涉及私人股本公司的收购。
出现已承诺提供31亿美元的股权融资交易,而英国哥伦比亚投资管理公司是10亿美元。
Maxar和出现在谈判之前达成协议,该公司没有正式的销售过程,据一位知情人士透露,。接近该公司出现在春末探索一个事务和谈判曾掀起在秋天,消息人士称。
威斯敏斯特,科罗拉多州Maxar拥有超过90颗人造卫星提供通信、图像和数据给客户,其中包括美国。政府,国际电信卫星和sirius xm公司。最近几个月,Maxar乌克兰战争提供了高分辨率的卫星图像,等等。
该公司还参与美国国家航空航天局阿耳特弥斯计划重返月球。
国防开支
出现投入了近280亿美元的国防安全和网络安全在过去的三年,其投资组合公司支持许多卫星和防御平台和服务美国政府及其盟友。
该交易预计将在2023年中期完成。该协议还包括一个60天的“观望”时期。
“可能会有国防'(承包商)如雷声或L3Harris愿意把另一个出价的观望期,”奥斯汀Moeller说,分析师Canaccord Genuity。
今年2月,洛克希德·马丁公司终止其收购喷气式飞机Rocketdyne提起诉讼的联邦贸易委员会阻止收购。
Maxar,其历史可以追溯到1950年代,已经失去了在市场价值约20%,今年迄今为止,相比其他的损失超过50%卫星图像公司,比如Satellogic公司和尖顶全球公司,与无偿公司通过兼并上市的。
摩根大通证券有限责任公司Wachtell, Lipton, Rosen & Katz建议Maxar。高盛(Goldman Sachs) & Co .公司,摩根士丹利(Morgan Stanley) & Co LLC Weil, Gotshal & Manges律师事务所律师事务所建议出现。
By Tiyashi Datta, Akash Sriram and David Carnevali
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Private equity firm Advent International<\/a> on Friday agreed to buy satellite operator Maxar Technologies<\/a> Inc for about $4 billion.
Including debt, the deal is valued at $6.4 billion, marking one of the largest leveraged buyouts in recent months, amid a challenging financing environment that has made it increasingly difficult to back acquisitions involving private equity firms.
Advent has committed to provide $3.1 billion of equity financing for the deal, while the British Columbia Investment Management Corporation is putting up $1 billion.
<\/strong>
Private equity firm Advent International<\/a> on Friday agreed to buy satellite operator Maxar Technologies<\/a> Inc for about $4 billion.
Including debt, the deal is valued at $6.4 billion, marking one of the largest leveraged buyouts in recent months, amid a challenging financing environment that has made it increasingly difficult to back acquisitions involving private equity firms.
Advent has committed to provide $3.1 billion of equity financing for the deal, while the British Columbia Investment Management Corporation is putting up $1 billion.
<\/div><\/div>Advent has offered $53 per Maxar share held, a premium of nearly 129% to the stock's last closing price. Maxar's shares were up about 122% in early-afternoon trading.
Maxar and Advent were in negotiations before agreeing to a deal as the company did not run a formal sale process, according to a source familiar with the matter. Advent approached the company in late spring to explore a transaction and negotiations kicked-off in the fall, the source said.
Westminster, Colorado-based Maxar has more than 90 satellites in orbit that provide communications, imagery and data to customers, including the U.S government, Intelsat and SiriusXM. In recent months, Maxar has provided high-resolution satellite images of the Ukraine war, among other things.
The company is also involved with NASA<\/a>'s Artemis program to return to the moon.
DEFENSE SPENDING
<\/strong>
Advent has invested nearly $28 billion in defense, security and cybersecurity in the last three years, with its portfolio of companies supporting many satellite and defense platforms and serving the U.S. government and its allies.
The deal is expected to close in mid-2023. The agreement also includes a 60-day \"go-shop\" period.
\"There may be a defense prime (contractor) such as Raytheon or L3Harris that would be willing to put in another bid in the go-shop period,\" said Austin Moeller, an analyst at Canaccord Genuity.
Maxar and Advent were in negotiations before agreeing to a deal as the company did not run a formal sale process, according to a source familiar with the matter. Advent approached the company in late spring to explore a transaction and negotiations kicked-off in the fall, the source said.
Westminster, Colorado-based Maxar has more than 90 satellites in orbit that provide communications, imagery and data to customers, including the U.S government, Intelsat and SiriusXM. In recent months, Maxar has provided high-resolution satellite images of the Ukraine war, among other things.
The company is also involved with NASA<\/a>'s Artemis program to return to the moon.
DEFENSE SPENDING
<\/strong>
Advent has invested nearly $28 billion in defense, security and cybersecurity in the last three years, with its portfolio of companies supporting many satellite and defense platforms and serving the U.S. government and its allies.
The deal is expected to close in mid-2023. The agreement also includes a 60-day \"go-shop\" period.
\"There may be a defense prime (contractor) such as Raytheon or L3Harris that would be willing to put in another bid in the go-shop period,\" said Austin Moeller, an analyst at Canaccord Genuity.
<\/div><\/div>He added that a strategic buyer would likely face a tough antitrust review from the U.S. Federal Trade Commission, making it more likely for Maxar to end up with a private equity firm buyer.
In February, Lockheed Martin<\/a> terminated its deal to acquire Aerojet Rocketdyne following a lawsuit by the FTC<\/a> to block the acquisition.
Maxar, whose history can be traced back to the 1950s, has lost about 20% in market value so far this year, compared with losses of more than 50% for other satellite imagery<\/a> companies, such as Satellogic Inc and Spire Global Inc, that went public through mergers with blank-check firms.
J.P. Morgan Securities LLC and Wachtell, Lipton, Rosen & Katz advised Maxar. Goldman Sachs & Co LLC, Morgan Stanley & Co LLC and Weil, Gotshal & Manges LLP advised Advent.
<\/div><\/div>
In February, Lockheed Martin<\/a> terminated its deal to acquire Aerojet Rocketdyne following a lawsuit by the FTC<\/a> to block the acquisition.
Maxar, whose history can be traced back to the 1950s, has lost about 20% in market value so far this year, compared with losses of more than 50% for other satellite imagery<\/a> companies, such as Satellogic Inc and Spire Global Inc, that went public through mergers with blank-check firms.
J.P. Morgan Securities LLC and Wachtell, Lipton, Rosen & Katz advised Maxar. Goldman Sachs & Co LLC, Morgan Stanley & Co LLC and Weil, Gotshal & Manges LLP advised Advent.
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