Veritas Capital Mergers and Acquisitions Summary

Private Equity Firm Profile

In the last 3 years, Veritas Capital has acquired 9 companies.

Veritas Capital’s most common sectors for investment areinformation technology (23%) and business services (17%) . The Firm’s most common investment types include divestiture (49%) and buyout (lbo, mbo, mbi) (23%). In total, Veritas Capital has invested in 14 US states and 2 different countries. Its largest (disclosed) acquisition occurred in 2018 when it acquired athenahealth for $5.7B.

In the last 3 years, Veritas Capital has exited 6 companies. The Firm’s most common exit type is trade sale (60%). Veritas Capital’s largest (disclosed) exit occurred in 2016 when it sold Truven Health Analytics for $2.6B.

Join Mergr to view Veritas Capital’s full profile and discover more mega-sized private equity firms just like it.

M&A Summary

  • M&A Total Activity53
    • M&A Buy Activity31
    • M&A Sell Activity22
  • Total Sectors Invested 13
  • Total Countries Invested 2
  • M&A Buy/Sell Connections 35
  • M&A Advisors 4

Veritas Capital

9 W 57th St,
New York, New York 10019
United States
(212) 415-6700
www.veritascapital.com
info@veritascapital.com

Veritas Capital is a private equity investment firm that targets investments in defense, aerospace, government services, media/telecommunications, consumer products, and specialty manufacturing companies. Veritas generally partners with management when pursuing investments. Prospective transaction situations include buyouts, growth capital investments, and leveraged recapitalizations. Veritas Capital was established in 1992 and is based in New York City.


Investment Criteria

Sectors of Interest: Aerospace, Business Services, Communications, Consumer Products, Defense, Electrical Equipment, Information Technology, Manufacturing, Media, Test/Measurement Equipment

Target Transaction Types: Buyout (LBO, MBO, MBI), Growth Capital, Recapitalization

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

Transaction Criteria Min Max
Target Revenue - -
Target EBITDA - -
Investment Size - -
Enterprise Value - -

M&A Summary

Buy vs Sell

Year ≤ '16 '17 '18 '19 '20 '21 T
Buy (2.2/yr) # 20 2 5 - 3 1 31
vol $8.9B $1.4B $8.7B $5.0B $2.8B $26.8B
Sell (2.0/yr) # 12 4 2 2 - 2 22
vol $8.1B $775M $3.0B $11.9B
  53

Most Recent M&A

Company Date Value Type
Alion Science and Technology Corp. 2021-07-06 1.7B USD Add-on Acquisition
McLean, Virginia · www.alionscience.com
Abaco Systems, Inc. 2021-03-22 1.4B USD Add-on Acquisition
Huntsville, Alabama · www.abaco.com
Cubic Corp. 2021-02-08 2.8B USD Going Private
San Diego, California · www.cubic.com
Gainwell Technologies 2020-03-10 5.0B USD Divestiture
Tysons Corner, Virginia · www.gainwelltechnologies.com
Anthology, Inc. 2020-01-16 - Secondary Buyout
Boca Raton, Florida · www.anthology.com
Edcentric Holdings LLC 2020-01-16 - Secondary Buyout
Overland Park, Kansas · www.edcentric.io
Virence Health Technologies 2019-07-01 - Merger
Westborough, Massachusetts · www.virencehealth.com
Centricity Contingent Staffing 2019-02-20 - Add-on Acquisition
Hartford, Wisconsin · www.apihealthcare.com
Standard Aero Holdings, Inc. 2018-12-18 - Secondary Buyout
Winnipeg, Ontario · www.standardaero.com
athenahealth, Inc. 2018-11-12 5.7B USD Going Private
Watertown, Massachusetts · www.athenahealth.com
View All >>

Portfolio M&A

Company Acquired Add-On/Sale Date #
Anthology, Inc. 2020-01-16 Blackboard, Inc. 2021-09-13 3
Boca Raton, Florida · www.anthology.com Reston, Virginia · www.blackboard.com
Guidehouse LLP 2018-02-14 Dovel Technologies 2021-09-08 2
Washington, District of Columbia · www.guidehouse.com McLean, Virginia · www.doveltech.com
Peraton Corp. 2017-04-28 Northrop Grumman Corp. - Federal IT & Mission Support Services Business 2020-12-07 4
Herndon, Virginia · www.peraton.com Falls Church, Virginia
SolAero Technologies Corp. 2014-09-17 Alliance Spacesystems LLC 2020-09-02 1
Albuquerque, New Mexico · www.solaerotech.com Los Alamitos, California · www.alliancespacesystems.com
Edcentric Holdings LLC 2020-01-16 Campus Labs LLC 2020-07-07 1
Overland Park, Kansas · www.edcentric.io Buffalo, New York · www.campuslabs.com
Cambium Learning Group, Inc. 2018-10-15 American Institutes for Research - Assessment Division 2019-08-22 2
Dallas, Texas · www.cambiumlearning.com Washington, District of Columbia
athenahealth, Inc. 2018-11-12 Virence Health Technologies 2019-07-01 1
Watertown, Massachusetts · www.athenahealth.com Westborough, Massachusetts · www.virencehealth.com
Cambium Learning Group, Inc. 2018-10-15 VKIDZ Holdings, Inc. 2018-10-15 1
Dallas, Texas · www.cambiumlearning.com Ft. Lauderdale, Florida · www.Vkidz.com
SolAero Technologies Corp. 2014-09-17 Vanguard Space Technologies, Inc. 2016-05-11 1
Albuquerque, New Mexico · www.solaerotech.com San Diego, California · www.vst-inc.com

M&A by Sector

Sector Current # Value All-time # Value
Information Technology 2 (17%) 5.8B (35%) 7 (23%) 8.3B (31%)
Business Services 2 (17%) 755M (4%) 5 (16%) 1.4B (5%)
Communications 2 (17%) 690M (4%) 4 (13%) 690M (3%)
Internet Software and Services 2 (17%) 5.7B (34%) 2 (6%) 5.7B (21%)
Defense 1 (8%) 2.8B (17%) 2 (6%) 2.8B (10%)
Test/Measurement Equipment - - 2 (6%) 1.6B (6%)
Software 1 (8%) - 2 (6%) 1.1B (4%)
Technology Hardware - - 2 (6%) 500M (2%)
Aerospace - - 1 (3%) 2.1B (8%)
Information Services - - 1 (3%) 1.3B (5%)
Education 1 (8%) 900M (5%) 1 (3%) 900M (3%)
Electrical Equipment - - 1 (3%) 381M (1%)
Renewable Energy 1 (8%) 150M (1%) 1 (3%) 150M (1%)
Total 12 $16.8B 31 $26.8B

Acquisitions By Geo

State/Country Current # Value All-time # Value
United States 12 (100%) 16.8B (100%) 30 (97%) 24.7B (92%)
  Virginia 2 (17%) 5.7B (34%) 8 (26%) 7.4B (28%)
  Massachusetts 2 (17%) 6.5B (39%) 4 (13%) 8.1B (30%)
  Florida 2 (17%) - 3 (10%) -
  Texas 2 (17%) 1.7B (10%) 2 (6%) 1.7B (6%)
  California 1 (8%) 2.8B (17%) 2 (6%) 3.3B (12%)
  New York - - 2 (6%) 1.5B (6%)
  Alabama - - 2 (6%) -
  New Mexico 1 (8%) 150M (1%) 1 (3%) 150M (1%)
  Kansas 1 (8%) - 1 (3%) -
  District of Columbia 1 (8%) - 1 (3%) -
  Michigan - - 1 (3%) 1.3B (5%)
  Wisconsin - - 1 (3%) 1.1B (4%)
  Arizona - - 1 (3%) 310M (1%)
  Colorado - - 1 (3%) -
Canada - - 1 (3%) 2.1B (8%)
  Ontario - - 1 (3%) 2.1B (8%)
Domestic 12 (100%) 16.8B (100%) 30 (97%) 24.7B (92%)
Cross-border - - 1 (3%) 2.1B (8%)
Total 12 $16.8B 31 $26.8B

Acquisitions by Deal Type

Type Current # Value All-time # Value
Divestiture 6 (50%) 7.4B (44%) 15 (48%) 13.7B (53%)
Buyout (LBO, MBO, MBI) - - 7 (23%) 1.1B (4%)
Secondary Buyout 3 (25%) - 5 (16%) 1.1B (4%)
Going Private 3 (25%) 9.4B (56%) 4 (13%) 9.8B (38%)
Total 12 $16.8B 31 $25.7B

Exits by Deal Type

Type Total # Value
Trade Sale - Public Company 11 (50%) 10.4B (87%)
Secondary Sale 6 (27%) 1.5B (13%)
Merger 2 (9%) -
Trade Sale 2 (9%) -
IPO 1 (5%) -
Total 22 $11.9B

Top M&A Advisors

Financial Deals
Goldman Sachs Investment Banking Division
 3
William Blair & Co. LLC
 2
Legal Deals
Schulte Roth & Zabel LLP
 7
Skadden, Arps, Slate, Meagher & Flom LLP
 2

Deal Values

buy # Total
> $1B 8 $20.1B
$100M to $1B 12 $6.7B
TOTAL $26.8B
Largest athenahealth, Inc.
$5.7B (2018-11-12)
sell # Total
> $1B 5 $8.6B
$100M to $1B 6 $3.3B
TOTAL $11.9B
Largest Truven Health Analytics, Inc.
$2.6B (2016-02-18)

M&A Connections

Deals
Acquired from
Investor(s)
13%
4 (13%)
Strategic(s)
48%
15 (48%)
Exited to
Investor(s)
27%
6 (27%)
Strategic(s)
68%
15 (68%)

Investor Summary

Investor Type

Private Equity Firm

Size

Mega

PE Assets

5.8B USD

Established

1992

Specialist/Generalist

Generalist

Leadership

Ramzi Musallam

CEO & Managing Partner

Hugh Evans

Managing Partner

Jason Donner

CFO

Aneal Krishnan

Partner

Ashish Chandarana

Partner

 Subscribe to unlock this and 169,018
investor and company profiles

Sign-up today to get full access

  • check  Unlimited Searches
  • check  Unlimited Profile Views
  • check  Build and Export Lists of
    • PE Backed Companies
    • Direct Investors & Acquirers
    • Advisors
    • Deals
    • & More
1 Week Free Trial Learn More

What's Mergr?

We built Mergr to save people the arduous and time-consuming process of tracking when companies are bought, sold, and who currently owns them.

Every day, new opportunities emerge around M&A and we help professionals of all types comb through transactions, investors, and corporate acquirers via an easy-to-use web database that is accessible to anyone.

Try us for 1 week free today!

Mergr, the Easiest-to-Use PE and M&A DB

Key Benefits

  • Stay informed on events in your industry
  • M&A research that takes seconds (not all afternoon)
  • Better understand your customers and prospects
  • Discover active buyers (or sellers)
Search
  • 4.2K Private Equity Firms
  • 158K M&A Transactions
  • 165K Companies Involved in M&A
    (Buyer, Seller, or Target)
  • 3.3K M&A Advisors
    (Investment Banks and Law Firms)
  • 57K M&A Contacts
    (PE and M&A Advisors)

Ready to try?

Join FREE for 1 Week

No obligation. Cancel anytime.

Mergr

Product

Company

Legal