Schulte represented Veritas Capital and its affiliates in a “Reverse Morris Trust” transaction and merger of Vencore Holding Corporation and KeyPoint Government Solutions with DXC Technology’s U.S. Public Sector business to form an independent public company. Perspecta Inc., the newly formed publicly-traded company, is an end-to-end IT services provider to the U.S. government, providing government clients with highly differentiated offerings and capabilities. Veritas, a leading private equity firm recognized for in-depth knowledge and understanding of government and technology-enabled end markets, is an investor in the new company. The transaction was announced on Oct. 11, 2017 and closed on June 1, 2018.
The Schulte team representing Veritas and KeyPoint was led by mergers & acquisitions partner Richard Presutti and associates Stavan Desai and Lowell Dyer, with assistance from special counsel F. Xavier Kowalski and associate Kaitlin Kines; tax partner Kurt Rosell and associate Philip Cooke; intellectual property, sourcing and technology partner Robert Kiesel and special counsel Scott Kareff; employment & employee benefits partner Ian Levin; real estate associate Amiel Mandel; and finance partner Ronald Risdon.