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PE-backed Truven Health Analytics acquires Simpler Consulting

Truven Health Analytics, a portfolio company of Veritas Capital, said Monday that it has acquired Simpler Consulting. No financial terms were disclosed. Clearsight Advisors advised Simpler on the deal. Simpler Consulting is a global management consulting firm.

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Veritas Completes Buy of Thomson Reuters Healthcare Business

Veritas Capital has closed its $1.25 billion buy of Thomson Reuters healthcare business. The company will be called Truven Health Analytics. Truven, according to a statment, is a combination of ‘truth’ and ‘proven.’ Truven employs about 2,200 people globally. PRESS RELEASE The previously announced $1.25 billion sale of the Thomson Reuters Healthcare business to an […]

Veritas Capital to Buy Healthcare Unit from Thomson Reuters in $1.25 Bln Deal

Thomson Reuters said Monday that it has agreed to sell its healthcare busines to Veritas Capital in a deal valued at $1.25 billion. The transaction, subject to regulatory approval, is execpted to close in the next few months. The Healthcare business provides data, analytics and performance benchmarking solutions and services to hospitals, health systems and […]

CIBER Sells Unit to CRGT

CIBER, a global information technology consulting, services and managed services company, is to sell its Federal Division and related assets to CRGT, a provider of emerging technology solutions for the U. S. federal government. CRGT is a portfolio company of Veritas Capital. The purchase price is $40 million in cash. PRESS RELEASE CIBER, Inc. (NYSE: […]

General Dynamics Buys Vangent for $960M

Publicly traded General Dynamics will pay $960 million in cash for Vangent Inc., a provider of healthcare information-technology and business systems to federal agencies, the companies announced Thursday. Vangent is majority-owned by the Veritas Capital Fund III. General Dynamics says that following the close of the deal, expected by October 1, that Vangent will become part of its information technology group.

Veritas Completes Acquisition of CPI

New York-based private equity firm Veritas Capital has completed its $525 million acquisition of CPI International. CPI is a provider of microwave, radio frequency, power products for defense, communications, medical, scientific and other applications. CPI is based in Palo Alto, Calif.

Lockheed Martin Nears $350 Million Deal to Sell PAE Unit

Lockheed Martin Corp. is nearing a $350 million deal to sell its military services unit Pacific Architects and Engineers, Reuters reported. The company has seen interest from several parties since it put the business unit up for sale in June. Currently the mostly likely buyers include private equity firm Veritas Capital and engineering firm Aecom Technology, Reuters said. An announcement could come by the end of this year, or in early 2011, Reuters said.

Veritas Capital Pays $525 Million for CPI International

New York-based private equity firm Veritas Capital said it will pay $525 million for telecom equipment manufacturer CPI International, Reuters reported. The firm will pay $19.50 per share in cash, representing a 35% premium over CPI’s closing price Wednesday. Palo Alto, Calif.-based CPI makes microwave and radio-frequency products for defense, communications and other industries. The firm was previously an acquisition target for its rival Comtech Telecommunications, which offered $372 million for the company before dropping the bid three months ago, Reuters said.

Lockheed Martin Completes $815M Sale of Biz Unit

Private equity firm Veritas Capital has completed an $815 million deal for Lockheed Martin’s Enterprise Integration Group business unit, Reuters reported. The division advises government agencies on weapons platforms, Reuters said, adding that Lockheed Martin sold the unit in order to avoid conflicts of interest.

Lockheed Martin sells unit to Veritas Capital

Lockheed Martin is to sell its Enterprise Integration Group unit to the Veritas Capital Fund IV $815 million, according to Veritas Capital. Lockheed had been in talks with a number of private equity firms to sell EIG, which advises government agencies on military platforms. Lockheed sold the unit to avoid any conflict of interest that might be created by advising government agencies on defense and also receiving major defense contracts. According to Lockheed, EIG has earnings of $65 million before interest, taxes, depreciation and amortization.

AECOM Tech Buys McNeil Technologies From Veritas Capital For $355 Million

AECOM Technology Corp. completed its acquisition of McNeil Technologies Inc., a Springfield, Va.-based government national security and intelligence services firm, from Veritas Capital and certain management shareholders. McNeil Technologies shareholders received $355 million. AECOM expects the deal will be neutral to earnings per share, but will add to cash earnings per share in fiscal 2011.

Veritas Capital Raising Fourth Fund

Veritas Capital, a New York-based private equity firm, is raising up to $1.25 billion for its fourth fund, according to a regulatory filing. UBS Securities is serving as placement agent. Veritas raised $594 million for its third fund in 2005, and invests in “middle market companies that provide goods and services to a broad array of government-related […]

Veritas Expands Its Government Services Portfolio With Marsh & McLennan Deal

Veritas Capital has agreed to buy Kroll Government Services from Marsh & McLennan Companies, according to a Kroll announcement and a government filing. Kroll Government Services is a division of Kroll, a global risk-consulting company that is a subsidiary of Marsh & McLennan, the global advisory company. The division is responsible for developing new business […]

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