IPEM Cannes 2024 – The Daily Spin – January, 25th
The shifting role of LPs was the overarching theme for the morning session of Day 2, at the 10th edition of IPEM in Cannes. After a full day of yoga,…
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Advent International has led a $6.4 billion acquisition to take private Maxar, a space imagery and infrastructure company. As the industry gets into festive spirit in the lead up to Xmas, this looks like being a nice gift-wrapped present to fill the stocking in the house of Advent and other lead investor, British Columbia Investment Management Corporation. The deal is still pending agreement under a 60-day ‘go-shop period’. Still, it shows that private equity is setting its sights on the next frontier. As the industry prepares to take a well-earned rest, this deal could set other GPs dreaming of the stars…and maybe finding space in their own portfolios.
