Veritas Capital announced on Wednesday that it has finished fundraising for The Veritas Capital Vantage Fund, closing its hard cap with a total of $1.8 billion of committed capital. The Vantage Fund’s closing brings the company's total assets to approximately $28 billion.
Cubic Corporation announced on Wednesday it has accepted a proposal from Veritas Capital and Evergreen Coast Capital to increase the price per share of their pending acquisition of Cubic to $75.00 per share in cash. By accepting the proposal, Cubic has entered into an amended agreement with Veritas and Evergreen. The all-cash transaction will be valued at approximately $3 billion.
Kathy Warden, CEO of Northrop Grumman, has been presented with a 2021 Wash100 Award for leading the company's efforts to create value through portfolio management, as well as her continued focus on growth through executive hires and contract pursuits in the federal sector. This marks Warden's sixth Wash100 Award.
Mac Curtis, chairman and CEO of Perspecta, has been awarded his seventh consecutive Wash100 Award in 2021 for his strong leadership and vision in the advancement of cybersecurity, intelligence and defense technologies through significant contract award wins and other major moves. "He has delivered as much for the industry as he has for his firm,“ said Jim Garrettson, founder and CEO of Executive Mosaic.
Stu Shea, chairman, president and CEO of Peraton, has been inducted into the 2021 Wash100 Award, marking his fifth time receiving the recognition from Executive Mosaic for his contributions in support of the government contracting community. The award highlights Shea's strong leadership and expansion efforts, including spearheading major acquisitions and valuable contract awards.
Cubic Corporation has entered into a definitive agreement with an affiliate of Veritas Capital, under which Veritas and Evergreen Coast Capital, an affiliate of Elliott Investment Management, will acquire Cubic for $70.00 per share in cash. The all-cash transaction is worth approximately $2.8 billion, including the assumption of debt.
Veritas Capital has completed its $3.4 billion acquisition of Northrop Grumman's IT and mission support services business. Veritas announced the multi-billion dollar transaction in December 2020, stating that the transaction will enable Veritas to establish a technology-enabled services platform that can deliver support to a wide range of critical government missions through its combination with Peraton. “The completion of this transaction brings together two dynamic businesses with complementary, mission-critical solutions and capabilities, creating an industry-leading platform with a shared commitment to customer success,“ said Ramzi Musallam, chief executive officer and managing partner of Veritas, and 2020 Wash100 Award recipient.
Executive Mosaic, the leading executive media and events company in the government contracting “GovCon“ industry, announced the 2020 winners of the highly coveted and prestigious Wash100 Award. The full list of winners and more information about the award can be found on Wash100.com.
Guidehouse, backed by Veritas Capital, announced on Friday that the company's acquisition of Navigant Consulting, Inc. has been completed.
