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Peraton names leaders for after Perspecta deal closes Ahead of the close of its combination of Perspecta, Peraton has unveiled the executive team that will lead the future combined company. We’ve previously reported that Stu Shea, Peraton CEO, will continue on as CEO of the company. Perspecta CEO Mac Curtis has announced his intent to retire. The team Shea announced in a company-wide memo -- released in this Securities and Exchange Commission filing -- includes a mix of a Peraton and Perspecta executives, with a couple folks from the recent acquisition of Northrop Grumman’s IT services ...

By Ross Wilkers Feb 22, 2021 Roughly five months went by after Veritas Capital asked in July 2020 for a waiver from its agreement with Perspecta that governed how the private equity firm could try to buy the company. The Perspecta board of directors granted Veritas that waiver on Jan. 6, though before that Veritas was able to give ranges of what it thought the government technology company was worth. After Jan. 6, Veritas submitted three bids over the next 20 days and its final offer prevailed over a competing bid by unnamed government contractor in the final round, according to regulatory fi...

Perspecta CEO plans to retire after close of Peraton deal Perspecta Chairman and CEO Mac Curtis will retire once that company's transaction with Peraton is completed in the coming months, according to a letter he sent to employees. Peraton, backed by Veritas Capital, completed the first step in its transformation this week when it closed the acquisition of Northrop Grumman’s IT business. Step two is the pending acquisition of Perspecta, a publicly-traded company where Veritas holds 14.5 percent of the shares. The new company will be called Peraton, whose CEO Stu Shea will continue to lead t...

By Ross Wilkers Jan 27, 2021 The government IT and services market apparently wanted to get 2021 started with a true megadeal that involves one of the largest publicly-traded companies and a notable investor in that business. Perspecta said Wednesday it has agreed to be acquired by private equity firm Veritas Capital for $7.1 billion in cash, or $29.35 per share. Veritas Capital already held 14.5 percent of Perspecta’s stock and earlier this month revealed that both parties had started some discussions about a potential transaction. The deal is anticipated to close in the first half of this...

Share this article Share this article CHANTILLY, Va., Jan. 27, 2021 /PRNewswire/ -- Perspecta Inc. (NYSE: PRSP) ("Perspecta" or the "Company"), a leading U.S. government services provider, today announced that it has entered into a definitive agreement under which it will be acquired by Peraton, a portfolio company of leading private investment firm Veritas Capital ("Veritas"), in an all-cash transaction valued at $7.1 billion. Under the terms of the agreement, Perspecta stockholders will receive $29.35 per share in cash, which represents a premium of 49.7% to the Company's unaffected closin...