Amentum’s Acquisition of DynCorp International

Cravath represented Amentum, Lindsay Goldberg and American Securities in connection with the transaction. Covington & Burling LLP acted as regulatory and government contracts counsel to Amentum, while Schulte Roth & Zabel LLP acted as legal counsel to DynCorp and Cerberus.

Amentum Holdings LLC (“Amentum”), a leading contractor to U.S. federal and allied governments jointly owned by Lindsay Goldberg and American Securities, and DynCorp International (“DynCorp”), a worldwide leader in aviation and logistics support services, announced a definitive agreement under which an affiliate of Amentum will acquire DynCorp.

The acquisition, once finalized, will create one of the largest providers of mission-critical support services, with more than $6 billion of combined revenue over the last 12 months.

RBC Capital Markets, LLC acted as financial advisor to Amentum, Citigroup Global Markets Inc. and Morgan Stanley & Co. LLC acted as DynCorp’s financial advisors.

The Cravath team was led by partners David J. Perkins (Picture) and Richard Hall and included associates Maurio A. Fiore, Matthew S. Weiner, David E. Jean-Baptiste, Ori Oren and Andrew Astore on M&A matters; partner Tatiana Lapushchik, senior attorney Kimberly A. Grousset and associates Alexander E. Greenberg and Jarrod L. Hall on financing matters; partner J. Leonard Teti II and associates Andrew T. Davis and Rory M. Minnis on tax matters; partner Jennifer S. Conway, senior attorney Michelle M. Garrett and associates Daniel P. Herrmann and Dixing Tang on executive compensation and benefits matters; senior attorney Jesse M. Weiss on antitrust matters; senior attorney Annmarie M. Terraciano on environmental matters; and practice area attorneys Brian M. Budnick and Laurel R. Berkowitz on real estate matters.

The Covington team representing Amentum was led by Scott Freling and Nooree Lee and included Peter Hutt II, Andrew Guy, and Darby Rourick (government contracts); Heather Finstuen (national security); Trisha Anderson and Alexandra Scott (cybersecurity); Kim Strosnider, Steve Bartenstein, and Jackie Fitch (trade controls); Mona Patel and Brian Fitzpatrick (anticorruption); and Lindsay Burke and Brady McDaniel (wage and hour compliance).

Schulte advised Cerberus Capital Management LP and DynCorp International with a team led by M&A and securities partners Stuart Freedman and Andrew Fadale. The team also includes M&A and securities partner Michael Gilligan, special counsel Gregory Kinzelman and associates Caitlin Cornell, Sarah Sullivan and Nicolette Fata; tax partners Alan Waldenberg and David Passey and associates Joseph Reich and Talia Jaffe; finance & derivatives partner Antonio Diaz-Albertini and associate McKenzie Osborne; employment & employee benefits partner Ian Levin, special counsel Scott Gold and associate Adam Gartner; intellectual property, sourcing & technology partner Edward Sadtler, special counsel Scott Kareff and associate Jennifer Gordon; real estate partner Julian Wise, special counsel Amiel Mandel and associate Aaron Schwed; litigation partners Michael Swartz and Gary Stein and associate Thomas DeFranco; and environmental partner Howard Epstein and special counsel Theodore Keyes.

Involved fees earner: Trisha Anderson – Covington & Burling; Steve Bartenstein – Covington & Burling; Lindsay Buchanan Burke – Covington & Burling; Heather Finstuen – Covington & Burling; Jacqueline Fitch – Covington & Burling; Brian Fitzpatrick – Covington & Burling; Scott Freling – Covington & Burling; Andrew Guy – Covington & Burling; Peter Hutt – Covington & Burling; Nooree Lee – Covington & Burling; Brady McDaniel – Covington & Burling; Mona Patel – Covington & Burling; Darby Rourick – Covington & Burling; Alexandra Scott – Covington & Burling; Kimberly Strosnider – Covington & Burling; Andrew Astore – Cravath Swaine & Moore; Laurel Berkowitz – Cravath Swaine & Moore; Brian Budnick – Cravath Swaine & Moore; Jennifer Conway – Cravath Swaine & Moore; Andrew Davis – Cravath Swaine & Moore; Maurio Fiore – Cravath Swaine & Moore; Michelle Garrett – Cravath Swaine & Moore; Alexander Greenberg – Cravath Swaine & Moore; Kimberly Grousset – Cravath Swaine & Moore; Richard Hall – Cravath Swaine & Moore; Jarrod Hall – Cravath Swaine & Moore; Daniel Herrmann – Cravath Swaine & Moore; David Jean?Baptiste – Cravath Swaine & Moore; Tatiana Lapushchik – Cravath Swaine & Moore; Rory Minnis – Cravath Swaine & Moore; Ori Oren – Cravath Swaine & Moore; David Perkins – Cravath Swaine & Moore; Dixing Tang – Cravath Swaine & Moore; Annmarie Terraciano – Cravath Swaine & Moore; J. Leonard Teti II – Cravath Swaine & Moore; Matthew Weiner – Cravath Swaine & Moore; Jesse Weiss – Cravath Swaine & Moore; Caitlin Cornell – Schulte Roth & Zabel; Thomas DeFranco – Schulte Roth & Zabel; Antonio Diaz-Albertini – Schulte Roth & Zabel; Howard Epstein – Schulte Roth & Zabel; Andrew Fadale – Schulte Roth & Zabel; Nicolette Fata – Schulte Roth & Zabel; Stuart Freedman – Schulte Roth & Zabel; Adam Gartner – Schulte Roth & Zabel; Michael Gilligan – Schulte Roth & Zabel; Scott Gold – Schulte Roth & Zabel; Jennifer Gordon – Schulte Roth & Zabel; Talia Jaffe – Schulte Roth & Zabel; Scott Kareff – Schulte Roth & Zabel; Theodore Keyes – Schulte Roth & Zabel; Gregory Kinzelman – Schulte Roth & Zabel; Ian Levin – Schulte Roth & Zabel; Amiel Mandel – Schulte Roth & Zabel; McKenzie Osborne – Schulte Roth & Zabel; David Passey – Schulte Roth & Zabel; Joseph Reich – Schulte Roth & Zabel; Edward Sadtler – Schulte Roth & Zabel; Aaron Schwed – Schulte Roth & Zabel; Gary Stein – Schulte Roth & Zabel; Sarah Sullivan – Schulte Roth & Zabel; Michael Swartz – Schulte Roth & Zabel; Alan Waldenberg – Schulte Roth & Zabel; Julian Wise – Schulte Roth & Zabel;

Law Firms: Covington & Burling; Cravath Swaine & Moore; Schulte Roth & Zabel;

Clients: Amentum; American Securities LLC; Cerberus Capital Management, L.P.; DynCorp International Inc.; Lindsay Goldberg;

Author: Ambrogio Visconti