Tag Archives: Jefferies

Comtech to Acquire Gilat in $532.5M Cash-and-Stock Deal; Fred Kornberg Quoted

Comtech Telecommunications (Nasdaq: CMTL) has agreed to buy Gilat Satellite Networks (Nasdaq: GILT) for $10.25 per share or approximately $532.5M in cash and stock. “The acquisition better positions Comtech to take advantage of key marketplace trends, particularly the growing demand for satellite connectivity and the enormous long-term opportunity set that is emerging in the secure wireless communications market,” said Fred Kornberg, board chairman and CEO of Comtech.

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Leidos Strikes $1.65B Cash Deal for Dynetics; Roger Krone Quoted

Leidos (NYSE: LDOS) has agreed to acquire Huntsville, Ala.-based technology services contractor Dynetics for approximately $1.65B in cash to further build up its position in the intelligence, civil and defense markets. "The addition of Dynetics will significantly increase our capabilities for rapid prototyping and agile system integration and production, enhancing our overall offerings and services to customers," said Roger Krone, chairman and CEO of Leidos and a 2019 Wash100 winner.

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Scott McIntyre: Guidehouse Seeks Global Consultancy Presence Through $1.1B Navigant Acquisition

Guidehouse, a Veritas Capital portfolio company, has agreed to buy Navigant Consulting (NYSE: NCI) for approximately $1.1B in a move to create a global consultancy that will serve both the public and private sectors. Shareholders in Navigant will get a cash payment of $28 per share, a 16 percent premium over the Chicago-based company's Thursday closing stock price, Guidehouse said Friday.

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Parsons Announces Submission of Registration Statement for Proposed IPO

Parsons has submitted to the Securities and Exchange Commission a registration statement for its planned initial public offering. The company said Friday it plans to trade on the New York Stock Exchange using the ticker symbol “PSN” and details about the price range and number of shares to be put …

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Carlyle Group to Buy StandardAero From Veritas Capital; Ramzi Musallam Quoted

The Carlyle Group (Nasdaq: CG) has agreed to purchase StandardAero from Veritas Capital for an undisclosed sum. The Washington, D.C.-based private equity firm said Tuesday it expects to close the deal by the end of the first quarter of calendar year 2019, pending regulatory approvals and other customary closing conditions. …

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Speedcast Makes Government Satcom Market Push Through $135M Globecomm Buy

Satellite communications company Speedcast International has agreed to purchase Hauppauge, N.Y.-based Globecomm Systems from affiliates of Tennenbaum Capital Partners and HPS Investment Partners for approximately $135M to expand footprint across the government, enterprise and maritime sectors. Australia-based Speedcast said Monday it expects the transaction to conclude in the fourth quarter of …

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Boeing Vet Chris Raymond to Lead Embraer Integration

Chris Raymond, vice president and general manager of autonomous systems at Boeing’s (NYSE: BA) defense, space and security business, will lead the integration of Embraer’s engineering operations and products with those of the Chicago-based company, the Puget Sound Business Journal reported Saturday. Greg Smith, Boeing’s chief financial officer, announced Raymond’s appointment …

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Former Guggenheim Exec Jonathan Schildkraut Named CyrusOne EVP, Chief Strategy Officer

Jonathan Schildkraut, formerly senior managing director for equity research at investment and consulting firm Guggenheim Partners, has joined CyrusOne (Nasdaq: CONE) as an executive vice president and chief strategy officer at the Dallas-based data center provider. He will report directly to CyrusOne CEO Gary Wojtaszek and oversee the company’s investments, …

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BC Partners, Medina Capital Seek to Add Analytics, Machine Learning Tools to Cyber JV Via Brainspace Purchase

Private equity firms Medina Capital and BC Partners have agreed to buy Addison, Texas-based machine learning and analytics firm Brainspace for an undisclosed sum in an effort to establish a global cybersecurity joint venture. BC Partners and Medina Capital expect to complete the transaction in the first quarter of 2017, subject …

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