Veritas Capital and Evergreen Coast Capital Acquire Cubic Corporation

Veritas Capital and Evergreen Coast Capital Acquire athenahealth

February 11, 2019

Healthcare Services

An affiliate of Veritas Capital and Evergreen Coast Capital (Elliott affiliate) completed the acquisition of athenahealth, Inc. for approximately $5.7 billion in cash. The deal combines athenahealth with Veritas-owned Virence Health under the athenahealth brand, creating a larger healthcare IT provider headquartered in Watertown, Massachusetts, led by Bob Segert.

Veritas Capital Acquires CAES Space Systems

October 13, 2022

Aerospace & Defense

An affiliate of Veritas Capital has entered into a definitive agreement to acquire CAES Space Systems from CAES. Headquartered in Colorado Springs, CAES Space Systems supplies radiation-hardened electronics and mission-critical space components; management will remain in place and the transaction was expected to close in Q1 2023 (terms undisclosed).

Vista Equity Partners and Evergreen Coast Capital Acquire Citrix Systems and Combine it with TIBCO Software

September 30, 2022

Software

Vista Equity Partners and Evergreen Coast Capital completed the $16.5 billion acquisition of Citrix Systems, with Citrix shareholders receiving $104.00 per share. The buyers plan to combine Citrix with Vista portfolio company TIBCO Software to create a scaled enterprise software provider focused on secure digital workspaces, data management and accelerating Citrix’s SaaS transition.

Clayton, Dubilier & Rice Acquires Veritiv Corporation

August 7, 2023

Packaging

An affiliate of private equity firm Clayton, Dubilier & Rice (CD&R) has completed the acquisition of Veritiv Corporation for $170.00 per share, valuing the company at approximately $2.6 billion. Veritiv, a leading North American distributor of packaging, JanSan/hygiene and print products headquartered in Atlanta, will become a privately held company under CD&R to pursue accelerated organic and inorganic growth and operational improvements.

Cohesity Acquires Veritas' Data Protection Business to Form $7B Company

February 8, 2024

Cybersecurity

Cohesity has combined with Veritas Technologies' enterprise data protection business to create a combined data-protection leader valued at roughly $7 billion. The transaction—funded by a Series H led by Haveli Investments with participation from multiple existing and new investors—scales Cohesity's AI-powered data security and management portfolio, expands workload support (including Veritas NetBackup and appliances), and positions Sanjay Poonen to lead the combined company.

Veritas Capital Acquires Houghton Mifflin Harcourt

February 22, 2022

Education

Certain affiliates of Veritas Capital have acquired Houghton Mifflin Harcourt (HMH) in a $21-per-share tender offer that implied an equity value of approximately $2.8 billion. HMH will become a wholly-owned subsidiary of Veritas, with CEO Jack Lynch and the current management team remaining in place, and Veritas intends to accelerate HMH's digital transformation and expand its market-leading K‑12 digital offerings.