And here is why it was sold:
The New York Times reported Friday the sale came after the State Department threatened to stop awarding contracts to the company as long as it was owned by Prince, a former Navy SEAL.
http://seeker401.wordpress.com/2010/12/21/blackwater-international-sold/
and
USTC Holdings, LLC is an investment holding company led by Forte Capital
Advisors and Manhattan Partners formed for the sole purpose of facilitating
the acquisition of Xe and its core operating subsidiaries.
http://www.dailykos.com/story/2010/12/31/932598/-Erik-Princes-XMas-Gift:-A-Buyer-for-Xe-Blackwater,-SOLD
and
Bingham McCutchen acted as legal counsel to USTC Holdings and the Chertoff Group in collaboration with Avascent Group performed strategic due diligence on USTC Holdings’ behalf.
sounds like same game, same players, different names on the door.
