Veritas Capital $690 million acquisition of Harris Corporation's government IT services unit

27/1/2017

Private acquisition

Value:

$ 690 million

Status:

Completed

Date:

27/1/2017

Overview:

Private equity firm Veritas Capital has completed its $690 million acquisition of the Harris Corporation's government IT services unit in a $690 million deal.
The unit works with government agencies such as NASA.
Macquarie Capital acted as financial adviser for Veritas.
The transaction was first announced in January 2017.

Kurt Stumpo - Journalist

Jurisdiction:

United States

Deal type:

Private acquisition

Practice area:

M&A

Governing law:

United States

Industry sector:

Technology and telecommunications

Firms:

Paul Weiss Rifkind Wharton & Garrison

Party: Harris Corporation (Seller)

Lawyers: Eric Goodison, John Kennedy, Peter Fisch, Scott Barshay, Steven Williams

Skadden Arps Slate Meagher & Flom

Party: Veritas Capital (Acquirer)

Lawyer: Kenneth Wolff

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