July 23, 2017 3:21 AM ET

Capital Markets

Company Overview of Veritas Capital Fund Management, LLC

Company Overview

Veritas Capital Fund Management, L.L.C. is a private equity firm specializing in leveraged recapitalizations, buyouts, and growth capital investments in middle market companies. The firm seeks to invest in government services, intelligence, national security, defense, education, government contractors, communications, healthcare, technology, aerospace, energy, and infrastructure industries. Veritas Capital Fund Management, L.L.C. was founded in 1992 and is based in New York, New York, with an additional office in Washington, District Of Columbia.

9 West 57th Street

29th Floor

New York, NY 10019

United States

Founded in 1992

Phone:

212-415-6700

Fax:

212-688-9411

Key Executives for Veritas Capital Fund Management, LLC

Managing Partner and Chief Executive Officer
Age: 49
Managing Partner
Age: 49
Chief Financial Officer
Compensation as of Fiscal Year 2017.

Veritas Capital Fund Management, LLC Key Developments

West Corporation Reportedly Sets Final Bid Deadline

West Corporation (NasdaqGS:WSTC) has set a final bid deadline of next week amid lackluster interest, sources told The Post. “There is question as to whether anyone ultimately puts in a bid,” a source close to the situation said. One suitor, Apollo Global Management, LLC (NYSE:APO), is still circling West Corporation while a second, Veritas Capital, is interested in buying just parts of the business, two sources said. A West Corp. spokesman did not return calls. Officials at Apollo declined to comment.

CBI Mulls Acquisitions

Chicago Bridge & Iron Company N.V. (NYSE:CBI) is seeking acquisitions. Veritas Capital announced that an affiliate of Veritas has signed a definitive agreement to acquire the Capital Services business of CBI. Ramzi Musallam, Chief Executive Officer and Managing Partner of Veritas Capital, said, "The Company's unique capabilities and longstanding operating history coupled with the resources and long-term focus of Veritas will create a differentiated platform that is well-positioned for a new phase of growth, both organically and via acquisitions."

Veritas Capital Agrees to Acquire Government IT Services Business from Harris Corporation

Veritas Capital announced the signing of a definitive agreement under which an affiliate of Veritas has agreed to acquire Harris Corporation’s government IT services business for $690 million in cash. Headquartered in Herndon, Virginia, the business provides communications, engineering and IT solutions for Intelligence, defense, and federal civilian customers, including supporting NASA’s Space Communications Network and Deep Space Network programs, and operates within Harris’ Critical Networks segment, generating over $1 billion of revenue annually. The transaction is subject to regulatory review and other customary closing conditions and is expected to close in the second quarter of 2017. Macquarie Capital is acting as financial advisor to Veritas in connection with the transaction.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
July 5, 2017
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February 28, 2017
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Harris Corporation, Government IT Services Business
 

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