M&A Deal Summary

Providence Equity Partners Acquires SRA International

On June 20, 2011, private equity firm Providence Equity Partners acquired information technology company SRA International for 1.9B USD

Acquisition Highlights
  • This is Providence Equity Partners’ 7th transaction in the Information Technology sector.
  • This is Providence Equity Partners’ 12th largest (disclosed) transaction.
  • This is Providence Equity Partners’ 40th transaction in the United States.
  • This is Providence Equity Partners’ 4th transaction in Virginia.
Investment Fate
  • SRA International was sold to a publicly-traded strategic buyer in 2015.

M&A Deal Summary

Date 2011-06-20
Target SRA International
Sector Information Technology
Buyer(s) Providence Equity Partners
Deal Type Going Private
Deal Value 1.9B USD

Target

SRA International

Fairfax, Virginia, United States
SRA International is a provider of technology and strategic consulting solutions to government organizations. SRA International was formed in 1976 and is based in Fairfax, Virginia.

Search 214,238 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try Free

Buyer(S) 1

Buyer

Providence Equity Partners

Providence, Rhode Island, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1989
PE ASSETS 36.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Providence Equity Partners is a specialist private equity firm that targets investments in media, entertainment, communications, and information companies. Specifically, Providence seeks investments in wireless and wireline telephony, cable television content and distribution, music, film, publishing, radio and television broadcasting, and other media and communications sectors. Providence Equity looks to commit $150 million to $800 million of equity capital in transactions ranging from growth financings and recapitalizations, to buyouts and take-privates. Providence Equity Partners was formed in 1989 and has offices in Providence, Rhode Island; New York, New York; Los Angeles, California; London, United Kingdom; Hong Kong, China; and New Delhi, India.


DEAL STATS #
Overall 63 of 137
Sector: Information Technology M&A 7 of 14
Type: Going Private M&A Deals 9 of 12
State: Virginia M&A 4 of 6
Country: United States M&A 40 of 86
Year: 2011 M&A 5 of 10
Size (of disclosed) 12 of 34
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-06-14 Telcordia Technologies

Piscataway, New Jersey, United States

Telcordia Technologies, Inc. is a provider of telecommunications software and services for IP, wireline, wireless and cable. By delivering on its Elementive strategy of providing flexible, standards-based solutions that optimize complex network and business support systems, Telcordia enables customers to aggressively reduce costs and grow revenues.

Sell $1.2B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-07-01 Kabel Deutschland

Unterfohring, Germany

Kabel Deutschland is the cable television operator in Germany

Sell -