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New Deal


Announced

Completed

QinetiQ completed the acquisition of Avantus Federal from NewSpring Capital for $590m.

Financials

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Transaction Value£483m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA16.46x
Share Price Premium-
One Off Charge-

Tags

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Acquisition

United States

Private

data analytics

Single Bidder

Friendly

Majority

Private Equity

Digital Services

Completed

Cross Border

Synopsis

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QinetiQ, a defense company, completed the acquisition of Avantus Federal, a provider of mission-focused cyber, data analytics, and software development solutions, from NewSpring Capital, a private equity firm, for $590m. “We believe that the combination of QinetiQ US and Avantus will create a unique business in the US and globally with a powerful performance culture and scaled technical differentiation. This acquisition is a transformational platform that delivers on our growth strategy of building a disruptive mid-tier defense and intelligence company,” Shawn N. Purvis, QinetiQ US President and CEO.

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