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Veritas Capital inks buy of StandardAero

Veritas Capital said Tuesday it agreed to buy StandardAero from Dubai Aerospace Enterprise Ltd. Financial terms weren’t announced. Scottsdale, Arizona-based Standard Aero provides aircraft maintenance, repair and overhaul services as well as extensive services and custom solutions for business aviation, commercial aviation, military and industrial power customers.

SolAero Tech to buy Alliance Spacesystems

SolAero Technologies Corp., a portfolio company of Veritas Capital, has agreed to buy Alliance Spacesystems LLC. Financial terms weren’t announced. Los Alamitos, California-based Alliance makes and designs composite structures for spacecraft.

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Bridge Growth completes CRGT acquisition

Bridge Growth Partners has closed its previously announced buy of CRGT from Veritas Capital. No financial terms were disclosed. Based in Reston, Virginia, CRGT is a provider of custom software development and data analytics to federal government agencies.

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PE-backed Truven Health to acquire Heartbeat Experts

Truven Health Analytics, a portfolio company of Veritas Capital, has agreed to buy Heartbeat Experts. No financial terms were disclosed. Berkery, Noyes & Co was the financial advisor to Heartbeat Experts on the transaction. Heartbeat Experts is a provider of stakeholder management solutions for the life sciences sector.

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Veritas Capital to sell CRGT to Bridge Growth

Bridge Growth Partners has agreed to buy CRGT from Veritas Capital. No financial terms were disclosed for the deal, which is expected to close by the end of the year. Wells Fargo and Stifel Nicolaus provided financial advice to CRGT on the transaction while Credit Suisse advised Bridge Growth. Also, Kevin Parker of Bridge Growth will become the chairman of CRGT’s board of directors. Based in Reston, Virginia, CRGT is a provider of custom software development and data analytics to federal government agencies.

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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.

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