Transaction: QinetiQ
- Date/Status
- Client
- Description
- Transaction Value
- May 23, 2014
(Closed) - Financial Advisor to QinetiQ plc on the divestiture of its US Services division to The SI Group
$215 million
QinetiQ US Holdings Inc., an indirect subsidiary of QinetiQ Group plc, has entered into a conditional agreement to sell the QinetiQ Group’s US Services division (excluding Cyveillance®) to The SI Organization, Inc. for an initial cash consideration of US$165 million plus a potential earnout of up to US$50 million in cash, following a market testing exercise that attracted a number of interested parties.