04 Nov 2025

"Weil Advises Advent International on $800 Million Sale of Lanteris Space Systems to Intuitive Machines"

"Weil is advising Advent International and its portfolio company Lanteris Space Systems in the $800 million sale of Lanteris to Intuitive Machines, a leading space technology company. The deal includes $450 million in cash and $350 million in Intuitive Machines stock, with closing expected in Q1 2026, subject to regulatory approvals. Lanteris, formerly Maxar Space Systems, is a trusted spacecraft manufacturer serving national security, civil, and commercial sectors."

Weil advised Advent International, L.P. and its portfolio company Lanteris Space Systems in the sale of Lanteris to Intuitive Machines, Inc., a leading space technology and infrastructure services company. The transaction, valued at $800 million, includes $450 million in cash and $350 million in Intuitive Machines Class A common stock, subject to adjustments. It is expected to close in the first quarter of 2026, pending customary regulatory approvals and closing conditions. Lanteris, formerly known as Maxar Space Systems, is a reputable spacecraft manufacturer with a strong track record of delivering reliable spacecraft for national security, civil, and commercial customers. The Weil team involved in the transaction includes: - **Private Equity**: Partners Jonathan Wood and Jakub Wronski; Associates Joe Schlemeier, Lydia Cuddeback, and Alec Tyminski. - **U.S. Antitrust**: Co-Head Brianne Kucerik; Partner Neil Rigby; Counsel Carla Hine and Annagiulia Zanazzo; Associates Drew Cypher and Michael Geisler. - **Mergers & Acquisitions**: Partner Claudia Lai; Associate Liam Corriston. - **Banking & Finance**: Partner Paul Overmyer; Associates Henry Han, Samantha Patel, and Nicole Reynolds. - **Tax**: Partner Jonathan Macke; Associate Josh Schonfeld. - **Executive Compensation & Benefits**: Partner Jennifer Britz; Associate Rustin Armknecht. - **U.S. Privacy & Cybersecurity**: Head Olivia Greer. - **Technology & IP Transactions**: Partners Karen Ballack and Barry Fishley; Counsel Catherine Kim; Associates Claudia Sousa, Hilary Wilders, Ashley Tanaka, Adeline Park, Alexis Bello, and Aron Lichtschein. - **Capital Markets**: Co-Head Alex Lynch; Partner Ashley Butler. - **Employment**: Partner Rebecca Sivitz; Associate Michael Verdichizzi. - **Environmental**: Partner Matthew Morton; Associate Graham McHenry. - **Structured Finance**: Partner Ariel Kronman.
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