M&A Deal Summary

Accenture Federal Acquires Novetta

On June 1, 2021, Accenture Federal acquired information technology company Novetta from The Carlyle Group

Acquisition Highlights
  • This is Accenture Federal’s 1st transaction in the Information Technology sector.
  • This is Accenture Federal’s 1st transaction in the United States.
  • This is Accenture Federal’s 1st transaction in Virginia.

M&A Deal Summary

Date 2021-06-01
Target Novetta
Sector Information Technology
Buyer(s) Accenture Federal
Sellers(s) The Carlyle Group
Deal Type Add-on Acquisition

Target

Novetta

McLean, Virginia, United States
Novetta's office in Reston, Virginia.
Novetta's office in Reston, Virginia.
Novetta is a provider of advanced technology-rich software and IT services to the Intelligence Community and Department of Defense. Novetta is based in McLean, Virginia.

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Buyer(S) 1

Buyer

Accenture Federal

Arlington, Virginia, United States

Category Company
Sector Information Technology
DESCRIPTION

Accenture Federal has served every cabinet-level department and 30 of the largest federal organizations. Accenture Federal Services transforms bold ideas into breakthrough outcomes for clients at defense, intelligence, public safety, civilian, and military health organizations. Accenture Federal headquarters offices in Arlington, Virginia.


DEAL STATS #
Overall 1 of 2
Sector (Information Technology) 1 of 2
Type (Add-on Acquisition) 1 of 2
State (Virginia) 1 of 2
Country (United States) 1 of 2
Year (2021) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-04-15 Cognosante

Falls Church, Virginia, United States

Cognosante is a provider of technology solutions, business process outsourcing, and consulting services to Federal, state, and local government healthcare agencies. Cognosante is based in Falls Church, Virginia.

Buy -

Seller(S) 1

SELLER

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 421 of 480
Sector (Information Technology) 18 of 22
Type (Add-on Acquisition) 179 of 197
State (Virginia) 17 of 18
Country (United States) 231 of 259
Year (2021) 13 of 30
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-01 Hexaware

Princeton, New Jersey, United States

Hexaware is a niche mid-sized IT services vendor with a strong focus in domains such as BFSI, Transportation, Logistics and HR-IT solutions. The Company specializes in enterprise solutions, application management and independent testing. Hexaware employs over 8,000 people with the differentiated ERP practice addressing the IT needs of HR departments of customers. Hexaware was founded in 1990 and is based in Princetonm, New Jersey.

Buy $3.0B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-05 Medline

Northfield, Illinois, United States

Medline is a healthcare company: a manufacturer, distributor and solutions provider focused on improving the overall operating performance of healthcare. Medline works with both the country’s largest healthcare systems and independent facilities across the continuum of care to provide the clinical and supply chain resources required for long-term financial viability in delivering high quality care. Medline was founded in 1966 and is based in Northfield, Illinois.

Buy $34.0B