CACI International’s $750 Million Acquisition of LGS Innovations

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

Madison Dearborn Partners and CoVant Management have signed a definitive agreement to sell LGS Innovations, a leading provider of command, control, communications, computers, intelligence, surveillance, and reconnaissance (“C4ISR”) and cyber products and solutions to the U.S. Intelligence Community and U.S. Department of Defense, to CACI International Inc (NYSE: CACI). CACI, which provides information solutions and services in support of U.S. national security missions and government transformation for Intelligence, Defense, and Federal Civilian customers, will acquire LGS Innovations for $750 million.

LGS Innovations, the former federal division of Bell Labs, has a heritage as a trusted partner of the U.S. Federal Government extending back over 60 years. In 2014, MDP and CoVant acquired LGS Innovations in a divestiture from Alcatel-Lucent and have since grown LGS Innovations into one of the leading independent providers of secure networking, cybersecurity, laser communications/photonics, custom software development, and digital signal processing to government customers and commercial organizations serving U.S. national security interests.

Kirkland & Ellis advised LGS Innovations on the deal with a team including transactional partners Jeff Richards (Picture), Jon-Micheal Wheat and Emma Lange-Novak and associates Matt Ball and Jeremy Burstein.

Involved fees earner: Matthew Ball – Kirkland & Ellis; Jeremy Burstein – Kirkland & Ellis; Emma Lange-Novak – Kirkland & Ellis; Jeffrey Richards – Kirkland & Ellis; Jon-Micheal Wheat – Kirkland & Ellis;

Law Firms: Kirkland & Ellis;

Clients: LGS Innovations LLC;