Carlyle Group to Sell All Remaining Booz Allen Shares


BoozAllenLogoGlobal investment firm Carlyle Group plans to sell the remaining 11.3-percent stake it holds in government services contractor Booz Allen Hamilton (NYSE: BAH) six years after the latter’s initial public offering.

Booz Allen said Thursday it expects Carlyle’s divestiture of 16.7 million shares for $36.75 each through a secondary offering to close Dec. 6.

Shares in Booz Allen closed at $37.81 Wednesday for a total market capitalization of $5.64 billion.

Carlyle acquired Booz Allen in 2008 and took it public two years later upon the completion of the firm’s separation into a government services unit that retained the Booz Allen Hamilton name and a commercial business that PwC subsequently purchased in 2013.

Booz Allen’s stock closed at $19.25 in its Nov. 17, 2010 initial public offering.

Video of the Day

GovCon Wire Logo

Sign Up Now! GovCon Wire provides you with Daily Updates and News Briefings about Financial Report

Related Articles

The Ultimate Guide to Winning Government Contracts Let us show you how top executives are winning so you can replicate it