Articles from Veritas Capital

Veritas Capital (“Veritas”), a leading technology investor, today announced $15.3 billion in total capital raised across The Veritas Capital Fund IX (“Fund IX”) and related investment vehicles.1 The close comes amid a pronounced slowdown in private equity fundraising, as many firms face extended timelines and reduced allocations. Securing $15.3 billion in this environment underscores investor conviction in Veritas’ differentiated strategy. The capital raised marks a meaningful increase relative to the Firm’s predecessor Flagship Fund, with Fund IX 40% larger than Fund VIII, which was itself 68% larger than Fund VII, reflecting sustained investor confidence in the strength and performance of the platform.

Veritas Capital (“Veritas”), a leading investor at the intersection of technology and government, today announced that one of its affiliates has entered into a definitive agreement to acquire a majority stake in Global Healthcare Exchange (“GHX” or “the Company”), a leading supply chain software platform powering mission-critical connectivity between healthcare providers and suppliers. Veritas will join existing GHX shareholders Temasek and Warburg Pincus to support the acceleration of the Company’s growth strategy.

Veritas Capital (“Veritas”), a leading investor at the intersection of technology and government, today announced that affiliates of The Veritas Capital Vantage Fund, L.P. (“Vantage Fund”) have entered into a definitive agreement to acquire MetroStar Systems, LLC (the “Company”), an AI-enabled digital transformation services and software provider serving the U.S. Defense and National Security communities.

Veritas Capital (“Veritas”), a leading investor at the intersection of technology and government, today announced the final close of The Veritas Capital Fund IX (“Fund IX”) with $14.4 billion in aggregate capital commitments. Fund IX was significantly oversubscribed, with demand exceeding the hard cap and surpassing the initial target of $13 billion. The fundraise represents a 35% increase over Fund VIII which closed at $10.7 billion in 2022. With the close of Fund IX, Veritas now manages more than $54 billion in assets across its strategies, strengthening its position as a leading investor focused on technology.

Veritas Capital (“Veritas”), a leading investor at the intersection of technology and government, announced today that it has completed the acquisition of the Digital Banking business of NCR Voyix Corporation (NYSE: VYX) (“NCR Voyix”), a leading global provider of cloud-based, digital commerce solutions. In conjunction with the close of the transaction, the Digital Banking business has been rebranded as Candescent and is now a privately held company.

Veritas Capital (“Veritas”), a leading investor at the intersection of technology and government, today announced that an affiliate of Veritas has completed the purchase of Wood Mackenzie from Verisk (Nasdaq: VRSK).

Veritas Capital (“Veritas”), a leading technology and government investment firm, announced today the rebranding of its portfolio company, CAES Space Systems, a leading independent supplier of high-reliability electronic solutions, to Frontgrade Technologies (the “Company”). Veritas also confirmed the completion of its previously announced acquisition of the Company from CAES. Frontgrade Technologies will remain headquartered in Colorado Springs and led by Mike Elias, Chief Executive Officer, alongside the rest of the leadership team.

Veritas Capital (“Veritas”), a leading technology and government investment firm, today announced that an affiliate of Veritas has completed the acquisition of Sequa Corporation (“Sequa”), parent company of Chromalloy, from funds managed by global investment firm Carlyle (NASDAQ: CG).

Veritas Capital (“Veritas”), a leading technology and government investment firm, announced today that an affiliate of Veritas has entered into a definitive agreement to acquire CAES Space Systems (the “Company”), a leading independent supplier of high-reliability electronic solutions for space, defense, healthcare and industrial applications, from CAES. Mike Elias, Senior Vice President & Division General Manager, will continue to lead CAES Space Systems, alongside the rest of the leadership team. Financial terms of the transaction were not disclosed.

Veritas Capital (“Veritas”), a leading technology and government investment firm, announced today the successful final close of its latest flagship fund, Veritas Capital Fund VIII (“Fund VIII”) with $10.65 billion of aggregate committed capital. Fund VIII was significantly oversubscribed, with demand exceeding its hard cap and initial target of $8.5 billion. Veritas Capital Fund VII closed on $6.5 billion in commitments in 2019.

Veritas Capital (“Veritas”), a leading technology and government investment firm, announced today that an affiliate of Veritas has entered into a definitive agreement to acquire Sequa Corporation (“Sequa”), parent company of Chromalloy (“Chromalloy”), from funds managed by global investment firm Carlyle (NASDAQ: CG). Financial terms of the transaction were not disclosed.

Veritas Capital (“Veritas”), a leading technology and government investor with deep healthcare expertise, today announced that an affiliate of Veritas completed the combination of two complementary revenue cycle management (RCM) businesses: Coronis Health (“Coronis”) and MiraMed Global Services (“MiraMed”). The combination creates a scaled RCM platform providing end-to-end technology-enabled solutions to a diverse set of healthcare providers across the U.S. The newly combined company benefits from meaningfully increased scale, end-to-end RCM capabilities across multiple specialties, and robust infrastructure with over 8,500 employees globally.

Veritas Capital (“Veritas”), a leading technology and government investment firm, today announced that The Veritas Capital Vantage Fund, L.P. (“Vantage Fund”) has made a strategic investment in Epiq Solutions, a leading provider of software defined radio and turnkey radio frequency (“RF”) solutions for governments and enterprises. Epiq Solutions is now a portfolio company of the Vantage Fund, which targets opportunities in the middle market. Co-founders John Orlando, Aaron Madsen, and Michael Shogren will continue to lead the company and will retain a significant ownership position. Financial terms of the transaction were not disclosed.

Veritas Capital has announced that Harbor Purchaser Inc. (“Purchaser”), an affiliate of Veritas Capital, has extended the expiration time for its previously announced cash tender offer to purchase all of the issued and outstanding shares of common stock (the “Company Shares”) of Houghton Mifflin Harcourt Company (NASDAQ: HMHC) (“HMH”) at a price of $21.00 per share until one minute after 11:59 p.m. New York City time on Wednesday, April 6, 2022. The tender offer was previously scheduled to expire at one minute after 11:59 p.m., New York City time, on April 1, 2022.

Veritas Capital (“Veritas”), a leading private investment firm, today announced that an affiliate of Veritas has signed a definitive agreement to acquire Finalsite, a global leader in school website and digital communications tools, from Bridge Growth Partners. Financial terms of the transaction were not disclosed.

Veritas Capital (“Veritas”), a longstanding investor in companies operating at the intersection of technology and government, today announced that an affiliate of Veritas has completed its previously announced acquisition of Perspecta Inc. (NYSE: PRSP) ("Perspecta"), a leading U.S. government services provider, in an all-cash transaction valued at $7.1 billion.

Veritas Capital, a leading and longstanding investor in companies operating at the intersection of technology and government, today announced that it has completed fundraising for The Veritas Capital Vantage Fund (the “Vantage Fund”). The Fund closed at its hard cap with a total of $1.8 billion of committed capital.

Cotiviti, Inc. (“Cotiviti”), a leading provider of data-driven healthcare solutions, today announced the appointment of Zane Burke to the Board of Directors. Mr. Burke brings over two decades of leadership experience in the healthcare technology sector.