Sixth Street Partners has led a $2.3bn loan to help fund the private equity firm Advent International’s $6.4 billion leveraged buyout of satellite operator Maxar Technologies which was announced last week, according to a report by the Financial Times.
IntelThe report cites unnamed sources as revealing that Advent opted for Sixth Street’s financing package over an alternative loan offered by a group of Wall Street banks.
News of the financing comes just days after Sixth Street led a $2.6 billion loan to back software investment giant Thoma Bravo’s acquisition of business software provider Coupa Software for $8 billion.
The San Francisco-based group, which was spun off from TPG in 2020, also participated in a private loan back in October to fund Blackstone’s purchase of a majority stake in Emerson Electric’s climate technologies business.
