ManTech International

active

Technology / Defense — Carlyle Group

Deal Terms

Entry Year2022

Entry EV$4.2B

Entry Multiple11x

Leverage5x

Debt Amount$2.1B

Risk Metrics

LTV (est.)50%

Debt / EV0.50x

Notes

$4.2B take-private by Carlyle (2022). Government IT services / cybersecurity contractor. Carlyle's deep defense/government connections. Sticky government contracts with long renewal cycles. DOGE-driven federal IT spending cuts could threaten revenue. Defense PE investments face unique political risk.

Sponsor

Carlyle Group$435B AUM