Private equity firm Advent International has closed its acquisition of Maxar, including a minority investment from British Columbia Investment Management Corporation.

The deal, announced in December, acquired Maxar for $53 per share, a premium over Maxar’s trading value. The enterprise value of the deal is $6.4 billion, and $2.4 billion in debt.

Advisors for the transaction included J.P. Morgan Securities LLC as financial advisor to Maxar, with Wachtell, Lipton, Rosen & Katz serving as lead counsel. Milbank LLP provided legal advice on space industry and regulatory matters.

Advent was advised by Goldman Sachs & Co. LLC and Morgan Stanley & Co. LLC, with Weil, Gotshal & Manges LLP as lead counsel and Covington & Burling LLP advising on regulatory issues.

BCI's legal advisors were Skadden, Arps, Slate, Meagher & Flom LLP, with Freshfields Bruckhaus Deringer LLP handling regulatory matters.