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


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.

Sell -
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.

Buy -