Deals
Carlyle Agrees to Buy US Government Contractor ManTech for $3.9 Billion
- ManTech’s board has unanimously approved the takeover
- PE firms have been targeting contractors with an IT bent
Kevin Phillips, president and chief executive officer of ManTech International Corp.
Photographer: Zach Gibson/BloombergThis article is for subscribers only.
Carlyle Group Inc. agreed to acquire ManTech International Corp. in a deal valuing the US government contractor at about $3.9 billion.
The buyout firm will pay $96 per share in cash, according to a statement Monday, which confirmed an earlier Bloomberg News report. The offer represents a 32% premium to ManTech’s closing price on Feb. 2, the last trading day before reports on a potential sale of the company.