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Tag Archives: Providence Equity Partners

Weekly Roundup Aug 31 – Sep 4 2015: CSC, SRA Unveil Blockbuster Deal & more

Weekly Roundup Aug 31 – Sep 4 2015 Click here to see Real-Time GovCon Sector Quotes A Note From Our President & Founder Jim Garrettson If you thought the GovCon space was done with or near the end of heavy merger-and-acquisition deals this year, you were wrong. The future Computer Sciences Government Services …

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SRA Files to Go Public, Sets $100M Fundraising Target

The holding company of Fairfax, Va.-based government services contractor SRA International has filed a registration statement with the Securities and Exchange Commission for an initial public offering, SRA said in its filing with the SEC posted Wednesday. SRA Companies is the indirect parent of SRA International and the move to go public comes nearly four years after …

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Reuters: Providence Equity Partners Mulls SRA IPO or Sale

Providence Equity Partners is looking to either sell or launch an initial public offering of SRA International, which the investment arm believes has a value of approximately $2 billion, Reuters reported Thursday. Mike Stone and Greg Roumeliotis write the private equity firm has partnered with Citigroup to examine the possibility of …

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Emanuele Conti Named Kroll CEO; Charlie Gottdiener Comments

Emanuele A. Conti, Dun & Bradstreet North America president,  will become the chief executive at Kroll Inc., effective April 1. Conti will be responsible for all operations at Kroll, a global provider of cybersecurity solutions, data, information and ediscovery services, the company announced Monday. Conti has more than two decades of …

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David Keffer Named SRA Corporate Controller

David Keffer, a former business group chief financial officer at SRA International, has been promoted to corporate controller at the Fairfax, Va.-based technology services contractor. Keffer will be responsible for financial planning and analysis, treasury and corporate accounting in his new position, SRA said Wednesday. The 10-year company veteran will …

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Ericsson Closes $1.15B Deal to Buy Telcordia

Ericsson (NASDAQ: ERIC) announced Thursday it has closed its $1.15 billion cash acquisition of Telcordia. Ericsson expects the deal to increase its earnings per share in the year after closing. Telcordia and its employees are now part of the Ericsson Group. Ericcson’s business unit Multimedia will manage Telcordia, although Ericsson said Telcordia’s …

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SRA Shareholders Approve $1.88B Cash Acquisition by Private Equity Firm

SRA International (NYSE: SRX) shareholders have approved the company’s acquisition by an affiliate of private equity firm Providence Equity Partners for $1.88 billion in cash. SRA Shareholders will receive $31.25 in cash for each share of common stock. Rhode Island-based Providence Equity Partners specializes in communications and information services, media and entertainment company …

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Ericsson to Buy Telcordia for $1.15B Cash

Ericsson has reached an agreement to acquire mobile, broadband and enterprise communications firm Telcordia for $1.15 billion cash from its private equity owners Providence Equity Partners, LLC and Warburg Pincus. Approximately 2, 600 of Telcordia’s employees will join Ericsson. Telcordia generated $739 million in revenues in the fiscal year ended Jan. 31, 2011, and Ericsson expects …

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Renny DiPentima Joins Providence

Renato (Renny) A. DiPentima, former President, Chief Executive Officer and Board Director of SRA International, Inc. has joined Providence Equity Partners as a senior adviser. DiPentima will provide advise on new investments in the government services sector. He will also serve on the board of Altegrity, Inc., which is a …

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