Leading global law firm Baker McKenzie has advised QinetiQ Group plc on its proposed acquisition of Avantus Federal LLC from NewSpring for an enterprise value of USD 590 million.
The closing of the acquisition is subject to customary conditions, including regulatory approvals, and is expected to close by the end of calendar year 2022.
The transaction is QinetiQ's first major acquisition in the US, and marks a major development for QinetiQ in the security and defense sector.
Baker McKenzie Corporate Finance Partner Helen Bradley, who led the deal, commented:
"The enormity of this transaction represents a significant milestone for QinetiQ and the strides it is making in new territory. It is also testament to the strength and depth of our fantastic cross-practice, cross-border team, and our ability to collaborate so seamlessly."
Baker McKenzie's team included Ben Saraci (Senior Associate, London), Simon Foster (Associate, London), Akshay Prasad (Trainee, London) and Eleanor Dive (Trainee, London), in the Firm's Corporate Finance practice. They were supported by a cross practice team including Marc Paul (Partner, Washington), Jonathan Northington (Associate, Chicago) Heiko Burow (Counsel, Dallas) Chris Guldberg (Partner, Chicago), Kimberly Franko (Partner, New York), Danielle Lawrence (Associate, New York), Brian Burke (Partner, Washington) Arvind Miriyala (Associate, Washington), Aleesha Fowler (Associate, New York), Martine Gaetan (Associate, Washington), Alexandre Lamy (Partner, Washington), Taylor Parker (Associate, Washington) Jennifer Cohen (Associate, Chicago), Matthew McCarthy (Associate, Chicago), Adam Aft (Partner, Chicago), Cristina Messerschmidt (Associate, Chicago), Kai Kramer (Partner, Houston), Ross Staine (Associate, Houston).