Investment Summary

Welsh Carson Anderson & Stowe Invests In GovernmentCIO

On October 16, 2020, private equity firm Welsh Carson Anderson & Stowe invested in information technology company GovernmentCIO

Investment Highlights
  • This is Welsh Carson Anderson & Stowe’s 14th transaction in the Information Technology sector.
  • This is Welsh Carson Anderson & Stowe’s 85th transaction in the United States.
  • This is Welsh Carson Anderson & Stowe’s 2nd transaction in District of Columbia.

Investment Summary
Date 2020-10-16
Target GovernmentCIO
Sector Information Technology
Investor(s) Welsh Carson Anderson & Stowe
Deal Type Growth Capital
Advisor(s) Houlihan Lokey (Financial)
Covington & Burling (Legal)

Target

GovernmentCIO

Washington, District of Columbia, United States
GovernmentCIO is a provider of high-end technology and digital solutions to the Federal Health IT Services market. GovernmentCIO is based in Washington, District of Columbia.

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Investor(S) 1

Investor

Welsh Carson Anderson & Stowe

New York, New York, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1979
PE ASSETS 31.0B USD
Size Mega
Type Sector Focused
DESCRIPTION

Welsh Carson Anderson & Stowe (WCAS) is a mega-sized, specialist private equity firm focused on investments in growth-oriented companies operating within the healthcare and technology/tech-enabled services industries. WCAS will consider small and large transactions; including venture investments, growth equity investments, buy-and-build transactions, public-to-private acquisitions, and corporate carve-outs. The Firm prefers control situations and generally seeks opportunities in the US. Welsh Carson Anderson & Stowe was formed in 1979 and is based in New York City.

DEAL STATS #
Overall 89 of 103
Sector (Information Technology) 14 of 16
Type (Growth Capital) 9 of 12
State (District of Columbia) 2 of 2
Country (United States) 85 of 98
Year (2020) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-02-09 Valeritas

Bridgewater, New Jersey, United States

Valeritas, Inc. is a commercial-stage medical technology company focused on improving health and simplifying life for people with diabetes by developing and commercializing innovative technologies. Valeritas, Inc. designed the first commercialized product, the V-Go Wearable Insulin Delivery Device, or V-Go, to help patients with Type 2 diabetes who require insulin to achieve and maintain their target blood glucose goals.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-11-13 TrueCommerce

Cranberry Township, Pennsylvania, United States

TrueCommerce is a platform that provides digital connectivity and business system integration between buyers/sellers and their trading partners as well as an assortment of value-added supply chain software applications. TrueCommerce was founded in 1995 and is based in Cranberry Township, Pennsylvania.

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Mergr

Product

Company

Legal