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 36th transaction in the Information Technology sector.
  • This is The Carlyle Group’s 15th largest (disclosed) transaction.
  • This is The Carlyle Group’s 345th transaction in the United States.
  • This is The Carlyle Group’s 24th 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 (Legal)

Target

ManTech

Herndon, Virginia, United States
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


Category Private Equity Firm
Founded 1987
PE ASSETS 435.0B 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 722 of 744
Sector (Information Technology) 36 of 38
Type (Going Private) 34 of 35
State (Virginia) 24 of 24
Country (United States) 345 of 349
Year (2022) 7 of 15
Size (of disclosed) 15 of 137
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-05-11 Delhivery Logistics

Gurgaon, India

Delhivery Logistics is a supply chain services company focused on digital commerce. Delhivery provides express logistics services in over 600 cities in India and in more than 8,500 pin-codes and operates 12 fulfillment centers for B2C and B2B fulfillment services. Delhivery Logistics was founded in 2011 and is based in Gurgaon, India.

Sell -
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 -