Last week was busy for Veritas Capital.
On Thursday, the New York-based private equity firm, which makes investments in government-adjacent and regulated industries, agreed to acquire Texas-based Saber Power Services, marking its third acquisition announcement in less than a week.
Days earlier, it agreed to acquire federal contractor Steampunk and environmental consultancy Trinity Consultants, and submitted a 914 pence-per-share proposal for London-listed Bodycote, valuing the industrial services company's equity at about £1.56 billion ($2.1 billion).
The bid places Veritas in a takeover contest with CVC Capital Partners, which proposed 915 pence per share. The bidders face a Sept. 2 deadline.
This dealmaking spree followed Veritas's July agreement to buy facilities management and engineering business BGIS.
#week #Equity
On Thursday, the New York-based private equity firm, which makes investments in government-adjacent and regulated industries, agreed to acquire Texas-based Saber Power Services, marking its third acquisition announcement in less than a week.
Days earlier, it agreed to acquire federal contractor Steampunk and environmental consultancy Trinity Consultants, and submitted a 914 pence-per-share proposal for London-listed Bodycote, valuing the industrial services company's equity at about £1.56 billion ($2.1 billion).
The bid places Veritas in a takeover contest with CVC Capital Partners, which proposed 915 pence per share. The bidders face a Sept. 2 deadline.
This dealmaking spree followed Veritas's July agreement to buy facilities management and engineering business BGIS.
#week #Equity
2 months ago
