Tag Archives: Northern Private Capital

Northern Private Capital made international headlines when in late 2019 they announced that they were buying Canada's iconic space company MDA from Maxar. Is the company ready to make another investment in a Canadian space company? This page is for subscribers only. Already a subscriber? Log in. Fact-driven space news, columns, business, policy, technology and more. Support independent journalism. SUBSCRIBE TODAY

While the TSX Composite index is up 6.98% the first three months this year, the month of March was quite turbulent with the index up just under 1%. The unsettled market has had an impact on the uptake of MDA's initial public offering which is scheduled to be listed next week. This page is for subscribers only. Already a subscriber? Log in. Fact-driven space news, …

MDA Ltd. has released its preliminary prospectus for its initial public offering (IPO) and is looking to raise $500 million with an offering price per share between $16 and $20. If the interest in the IPO is strong, then the company could be valued at $2 billion as it goes public. That valuation would suggest a nice return on investment for Northern Private Capital (NPC) …

It’s that time of year again where we look back at the top Canadian space stories of the year. To say that 2020 was a remarkable year would be an understatement. The year started out full of promise and optimism, but was quickly overshadowed by the pandemic.

Northern Private Capital (NPC) today has closed the deal to buy MDA from Maxar Technologies bringing the company back into Canadian control.

On the eve of 2020, followers of the Canadian space industry were greeted with exciting news. Northern Private Capital, a Toronto-based investment consortium, had reclaimed a national asset by buying MacDonald, Dettwiler and Associates (MDA) for an eye-popping $1 billion.

The rumour had been floating for six months, so now that its happened, it shouldn’t come as shock that MDA has been sold, right?