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Weekly Roundup Aug 24 – Aug 28 2015: GovCon Index Mirrors US Markets’ Wild Ride & more

Weekly Roundup Aug 24 – Aug 28 2015 Click here to see Real-Time GovCon Sector Quotes A Note From Our President & Founder Jim Garrettson The world has been captivated over the last 10 days by the frenzied selloff in global stock markets then subsequent rebound over the past two days and government …

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Carlyle to Purchase Analytics Provider Novetta Solutions From Arlington Capital

Private equity firm The Carlyle Group has agreed to purchase McLean, Va.-based analytics services contractor Novetta Solutions from Arlington Capital Partners for an undisclosed sum. Novetta said Thursday it expects to close the transaction later this year and the deal will be funded by equity capital from the $13 billion Carlyle Partners VI fund. Carlyle’s …

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Bloomberg: Investment Firms Bid on Airbus’ Defense Electronics Business

Airbus Group has received initial acquisition bids for its defense sensor and border security technology assets from private equity companies Blackstone, Carlyle Group and KKR & Co., Bloomberg reported Tuesday. Military technology firms Thales and Rheinmetall are also interested in acquiring the portfolio that generated approximately $1.2 billion in revenue during Airbus’ …

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Reports: Symantec Talks Potential Veritas Sale to Carlyle Group for $8B

Symantec (Nasdaq: SYMC) and private equity firm Carlyle Group are discussing the potential $7 billion to $8 billion sale of the former’s Veritas data storage business unit, Bloomberg reported Wednesday. Alex Sherman, Kiel Porter and Jordan Robertson write that negotiations on the potential deal’s terms are still underway. Sources told Bloomberg that interested …

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Carlyle Group Managing Director Frank Finelli Inducted Into Wash100 For Acquisition and Financial Leadership

Executive Mosaic, Tysons Corner, VA March 11, 2015 – Frank Finelli, a managing director at the Carlyle Group, has been elected into Executive Mosaic’s Wash100 list of the most influential leaders in GovCon for his leadership role in the acquisition and financial services market. The Wash100 is the premier group of …

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Reuters: Finmeccanica Taps US Investment Bank to Help Offer DRS Pieces for Sale

U.S. investment bank Jefferies Group LLC will send out invitations next week in an effort to seek out potential offers for selected business units of U.S. defense contractor DRS Technologies, Reuters reported Tuesday. Pamela Barbaglia and Mike Stone report that Italian conglomerate Finmeccanica, DRS’ owners, have identified its aviation and logistics …

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Curtis Buser Appointed Acting Carlyle Group CFO

Curtis Buser, a longtime accounting director at the Carlyle Group, has been appointed as the firm’s acting chief financial officer, the Wall Street Journal reported Monday. Michael Calia writes the executive will fill the role while the firm searches a replacement for Adena Friedman, who left the position vacant following …

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Former FCC Chair Julius Genachowski to Help Carlyle Group Manage Tech Investments

Julius Genachowski, chairman of the Federal Communications Commission between June 2009 and May 2013, has joined private equity firm The Carlyle Group as a managing director and partner for the U.S. buyout team. Genachowski will work out of Washington and help the firm identify opportunities to investment in the global …

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Kelly Ortberg: ARINC Deal to Expand Rockwell Collins’ Opportunities in Airport Info Systems, Transportation, Security

Rockwell Collins (NYSE: COL) has finalized a move to beef up its portfolio of information management solutions as it completed its acquisition of ARINC for $1.4 billion. Cedar Rapids, Ia.-based Rockwell Collins announced the closure Monday, several months after Reuters reported Carlyle Group was preparing the sale of Annapolis, Md.-based …

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Rockwell Collins to Acquire ARINC for $1.4B; Kelly Ortberg, John Belcher Comment

Rockwell Collins (NYSE: COL) has agreed buy ARINC for $1.39 billion in a move aimed at expanding Rockwell Collins’ offerings in the aviation industry. The potential buy is subject to regulatory approvals and intends to combine Rockwell Collins’ avionics and cabin technologies with the networks and services of the Annapolis, Md.-based Carlyle …

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