U.S. Madison and CoVant to sell LGS Innovations to CACI for $750 mln

03/25/2019 10:48:00 AM (GMT)

Chicago-based private equity investment firm Madison Dearborn Partners and peer CoVant Management have inked a definitive agreement to divest cybersecurity and communications solutions company LGS Innovations.

Madison and CoVant, a unit of CI Capital Partners, are selling LGS Innovations to U.S. professional services and information technology company CACI International Inc. for $750 million.

Kirkland & Ellis LLP and Crowell & Moring LLP served as legal counsel and Bank of America Merrill Lynch served as financial advisor to LGS Innovations.

Annually, LGS Innovations generates around $140.2 million in revenue.

CACI International Inc.

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