Veritas Capital is considering a sale or IPO for portfolio company Guidehouse, which could value the business at $7 billion, according to a Bloomberg report.
Veritas Capital is considering a sale or IPO for portfolio company Guidehouse, which could value the business at $7 billion, according to a Bloomberg report.
Veritas is working with advisers to consider options and the potential sale would likely draw interest from other private equity firms and consultants, the sources in the report said.
Virginia-based Guidehouse is the successor to PricewaterhouseCoopers LLP’s public sector business, which Veritas acquired in 2018 for an undisclosed sum. It offers a range of consulting services to businesses and government entities.
Veritas raised $6.5 billion for its seventh fund in 2019.
Summary | |
---|---|
Deal status: | reported |
Reported valuation: | $7bn |
Sale price (USDm): | n/a |
Lead buyer(s): | n/a |
Buyside legal advisor: | n/a |
Sellside legal advisor: | n/a |
Lead seller(s): | Veritas Capital |
Entity being sold: | Guidehouse |
Reported date: | 29/09/2022 |
Close: | n/a |
Sector: | Business service |
Region: | Global |
Transaction type: | Buyout |