Bain Capital closes $5.3B deal, takes over Guidehouse / Yuichiro Chino

The transaction value includes debt as the company gains a more global owner and senior executives stay in place.

One of the world's most high-profile private equity firms has completed an acquisition that marks its foray into the government market.

Guidehouse is now a portfolio company of Bain Capital valued at $5.3 billion including debt. Guidehouse's current management team led by CEO Scott McIntyre are all slated to continue in their positions, the company said Thursday.

As first announced in early November, Guidehouse is going to a more globally minded owner in Bain Capital that touts $180 billion in assets under management. This is in contrast to Veritas Capital, the GovCon-focused private equity firm that owned Guidehouse for five years and manages approximately $40 billion in assets.

Veritas formed Guidehouse in 2018 through a carveout from then-parent PriceWaterhouseCoopers and supported a handful of acquisitions that took the firm to $3 billion in annual revenue and 17,000 employees.

Bain Capital's advisers for the transaction were Baird, PwC and Kirkland & Ellis.

The advisers to Guidehouse and Veritas were Guggenheim Securities, Jefferies, Goldman Sachs, Morgan Stanley & Co., Milbank and Covington & Burling.