CoVant Management Mergers and Acquisitions Summary

Private Equity Profile

In the last 3 years, CoVant Management has acquired 1 company.

CoVant Management’s most common sectors for investment are information technology (50%) and defense (17%). The Firm’s most common investment types include buyout (lbo, mbo, mbi) (50%) and stake purchase (34%). In total, CoVant Management has invested in 4 US states. Its largest (disclosed) acquisition occurred in 2014 when it acquired LGS Innovations for $200M.

In the last 3 years, CoVant Management has exited 1 company. The Firm’s most common exit type is trade sale (100%). CoVant Management’s largest (disclosed) exit occurred in 2006 when it sold Anteon International for $2.2B.

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M&A Summary

  • M&A Total Activity9
    • M&A Buy Activity6
    • M&A Sell Activity3
  • Total Sectors Invested 4
  • Total Countries Invested 1
  • M&A Buy/Sell Connections 6
  • M&A Advisors 1

CoVant Management

,
www.covant.com
info@covant.com

CoVant is a private investment group that generally looks to partner with management and other sponsors to pursue divestitures and buyout opportunities across the US. The Firm was formed in 2007 and is headquartered in McLean, Virginia.


Investment Criteria

Sectors of Interest: Defense, Information Technology

Target Transaction Types: Buyout (LBO, MBO, MBI), Divestiture

Geographic Preferences: East US, Midwest US, South US, West US

Transaction Criteria Min Max
Target Revenue 30 150
Target EBITDA - -
Investment Size - -
Enterprise Value - -
values in millions of USD

M&A Summary

Buy vs Sell

Year ≤ '15 '16 '17 '18 '19 '20 T
Buy (0.2/yr) # 5 - - 1 - - 6
vol $200M $200M
Sell (0.2/yr) # 2 - - - 1 - 3
vol $2.2B $750M $3.0B
  9

Most Recent M&A

Company Date Value Type
LGS Innovations LLC 2019-01-30 750M USD Add-on Acquisition
Herndon, Virginia · www.lgsinnovations.com
LinQuest Corp. 2018-05-29 - Buyout (LBO, MBO, MBI)
Los Angeles, California · www.linquest.com
A-T Solutions, Inc. 2015-05-07 - Add-on Acquisition
Vienna, Virginia · www.a-tsolutions.com
LGS Innovations LLC 2014-04-01 200M USD Divestiture
Herndon, Virginia · www.lgsinnovations.com
Centripetal Networks 2013-01-01 - Stake Purchase
, United States · www.centripetalnetworks.com
Trapezoid, Inc. 2013-01-01 - Stake Purchase
Miami, Florida · www.trapezoid.com
A-T Solutions, Inc. 2008-03-05 - Buyout (LBO, MBO, MBI)
Vienna, Virginia · www.a-tsolutions.com
Anteon International Corp. 2006-06-07 2.2B USD Add-on Acquisition
Fairfax, Virginia · www.anteon.com
Anteon International Corp. 1996-01-01 - Buyout (LBO, MBO, MBI)
Fairfax, Virginia · www.anteon.com
View All >>

Portfolio M&A

Company Acquired Add-On/Sale Date #
LinQuest Corp. 2018-05-29 The Perduco Group 2019-11-05 1
Los Angeles, California · www.linquest.com Beavercreek, Ohio · www.theperducogroup.com

M&A by Sector

Sector Current # Value All-time # Value
Information Technology 1 (33%) - 3 (50%) 200M (100%)
Defense - - 1 (17%) -
Safety/Security 1 (33%) - 1 (17%) -
Software 1 (33%) - 1 (17%) -
Total 3 - 6 $200M

Acquisitions By Geo

State/Country Current # Value All-time # Value
United States 3 (100%) - 6 (100%) 200M (100%)
  Virginia - - 3 (50%) 200M (100%)
  Florida 1 (33%) - 1 (17%) -
  California 1 (33%) - 1 (17%) -
Total 3 - 6 $200M

Acquisitions by Deal Type

Type Current # Value All-time # Value
Buyout (LBO, MBO, MBI) 1 (33%) - 3 (50%) -
Stake Purchase 2 (67%) - 2 (33%) -
Divestiture - - 1 (17%) 200M (100%)
Total 3 - 6 $200M

Exits by Deal Type

Type Total # Value
Trade Sale - Public Company 2 (67%) 3.0B (100%)
Trade Sale 1 (33%) -
Total 3 $3.0B

Top M&A Advisors

Legal Deals
Crowell & Moring LLP
1

Deal Values

buy # Total
$100M to $1B 1 $200M
TOTAL $200M
Largest LGS Innovations LLC
$200M (2014-04-01)
sell # Total
> $1B 1 $2.2B
$100M to $1B 1 $750M
TOTAL $3.0B
Largest Anteon International Corp.
$2.2B (2006-06-07)

M&A Connections

Deals %
Acquired from
Strategic(s)
100%
1 100%
Exited to
Strategic(s)
100%
3 100%

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