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Is Perspecta on the verge of going private thanks to its biggest shareholder? -- Washington Technology


By Ross Wilkers
Jan 08, 2021
One of Perspecta’s largest shareholders, Veritas Capital, is working on putting together an offer to acquire the government technology services company, according to recent filings.
This development is also the first time we get a clear, confirmed glimpse at how Perspecta could be thinking about its future amid investor speculation, media reports and cryptic statements from the company that strategic options are on the table.
In a regulatory filing posted Wednesday (scroll to “Purpose of Transaction), private equity firm Veritas Capital said it is in preliminary discussions with Perspecta regarding a potential transaction and has been granted access to initial due diligence materials. Perspecta officials have not commented beyond the filing, which said the company granted Veritas a limited standstill waiver to proceed. ....

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