Global Defense Technology and Systems, Inc

Nasdaq : GTEC

GLOBAL undertook the acquisition of a technology business and its transformation in to Global Defense Technology & Systems, Inc (GTEC), a specialist provider of mission-critical technology-based systems and services for US national security programs and agencies.

Investment Cycle Phase 1

  • Origination of a proprietary acquisition, following thorough investment selection processes
  • Acquired SFA, Inc. & The Analysis Corporation for $71 million in February 2007, and re-branded them Global Defense Technology & Systems Inc. (GTEC)
  • Designed and implemented a two year transformation strategy – promoted and developed key management, improved operational practices, enhanced business development, leveraged client relationships, maximized organic growth
  • Result – organic doubling of revenue and trebling of earnings over two years

Investment Cycle Phase 2

  • IPO of GTEC on NASDAQ November 2009 at $13.00 per share
  • Allocated proceeds from sale and structured debt as acquisition capital
  • Acquired Zytel Corp and Signature Government Solutions in 2010 with combined value of $80 million
  • Agreed an offer to sell GTEC outright for $315 million at $24.25 per share in April 2011

NOTE – Returns achieved during global financial crisis