M&A Deal Summary

The Carlyle Group Acquires ManTech

On May 16, 2022, private equity firm The Carlyle Group acquired information technology company ManTech for 4.2B USD

Acquisition Highlights
  • This is The Carlyle Group’s 33rd transaction in the Information Technology sector.
  • This is The Carlyle Group’s 15th largest (disclosed) transaction.
  • This is The Carlyle Group’s 334th transaction in the United States.
  • This is The Carlyle Group’s 23rd transaction in Virginia.

M&A Deal Summary

Date 2022-05-16
Target ManTech
Sector Information Technology
Buyer(s) The Carlyle Group
Deal Type Going Private
Deal Value 4.2B USD
Advisor(s) Goldman Sachs (Financial)
King & Spalding LLP (Legal)

Target

ManTech

Herndon, Virginia, United States
website
ManTech office building in Herndon, Virginia.
ManTech office building in Herndon, Virginia.
ManTech provides mission-focused technology solutions and services for U.S. defense, intelligence and federal civilian agencies. It excels in full-spectrum cyber, data collection & analytics, enterprise IT, systems engineering and software application development solutions that support national and homeland security. ManTech was formed in 1968 and is based in Herndon, Virginia.

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Buyer(S) 1

Buyer

The Carlyle Group

Washington, District of Columbia, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1987
PE ASSETS 376.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION
Carlyle's corporate headquarters on Pennsylvania Ave. in Washington, DC.
Carlyle's corporate headquarters on Pennsylvania Ave. in Washington, DC.

The Carlyle Group is a global investment firm that pursues private equity, credit, and real estate investments worldwide. Carlyle's private equity practice practice pursues buyouts, strategic minority equity investments, equity private placements, consolidations and buildups, and growth capital financings. With offices in 19 countries, Carlyle can easily target opportunities throughout North America, Europe, Asia, Australia, the Middle East/North Africa and Latin America. Broad sectors of interest include aerospace, defense, automotive and transportation, consumer, retail, energy and power, financial services, healthcare, industrial, infrastructure, technology services, business services, telecommunications and media. The Carlyle Group was formed in 1987 and is based in Washington DC.


DEAL STATS #
Overall 691 of 695
Sector (Information Technology) 33 of 33
Type (Going Private) 33 of 33
State (Virginia) 23 of 23
Country (United States) 334 of 336
Year (2022) 7 of 8
Size (of disclosed) 15 of 133
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-05-09 NSM

Conshohocken, Pennsylvania, United States

NSM is a full-service MGA and program administrator for specialty property & casualty insurance. The company places insurance in niche sectors such as special transportation, social services, real estate, and pet. On behalf of its insurance carrier partners, NSM typically manages all aspects of the placement process, including product development, marketing, underwriting, policy issuance, and claims. NSM was established in 1990 and is headquartered in Conshohocken, Pennsylvania.

Buy $1.8B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-05-25 VXI Global Solutions

Los Angeles, California, United States

VXI Global Solutions is a provider of business process and information technology outsourcing offering comprehensive services to its clients. Our company specializes in call center and BPO services, software development, quality assurance testing, and infrastructure outsourcing. VXI Global Solutions was formed in 1997 and is based in Los Angeles, California.

Sell -