Our Private Equity Group is considered the go-to practice for complex, bespoke and firm-defining transactions. With clients ranging from the world’s leading institutional asset managers to prominent middle-market private equity and growth equity firms, we offer comprehensive advice to general partners, limited partners, co-investors and other equity stakeholders, as well as portfolio companies, lenders and financial sponsor groups. The depth and continuity of our relationships across the industry gives us a nuanced understanding of each client’s objectives and allows us to provide seamless, efficient counsel across the investment lifecycle.
Engility to Be Acquired by SAIC for $2.5 Billion
- Client News
- September 10, 2018
Paul, Weiss is representing General Atlantic as a selling shareholder of Engility Holdings Inc. in Engility’s all-stock acquisition by Science Applications International Corp. (SAIC). The acquisition will create the second largest independent technology integrator in government services. Under the terms of the agreement, Engility stockholders will receive 0.450 shares of SAIC common stock for each share of Engility stock. Based on an SAIC per share closing price of $89.86 on September 7, the transaction is valued at $40.44 per share of Engility common stock, or $2.5 billion in the aggregate, including the repayment of $900 million in Engility’s debt.
The Paul, Weiss team includes corporate partners Matthew Abbott and John Kennedy; tax partner Patrick Karsnitz; and antitrust counsel Marta Kelly.