Veritas Capital’s “Reverse Morris Trust” Transaction and Combination with US Public Sector Business of DXC Technology


Schulte represented Veritas Capital and its affiliates in a “Reverse Morris Trust” transaction and merger of Vencore Holding Corporation and KeyPoint Government Solutions with DXC Technology’s U.S. Public Sector business to form a new independent public company.

The publicly-traded company will be an end-to-end IT services provider to the U.S. government, providing clients with highly differentiated offerings and capabilities. Veritas, a leading private equity firm recognized for in-depth knowledge and understanding of government and technology-enabled end markets, will be an investor in the new company. The transaction is subject to regulatory approvals and completion of other customary closing conditions.

The Schulte team representing Veritas and KeyPoint was led by mergers & acquisitions partner Richard A. Presutti (Picture) and associates Stavan S. Desai and Lowell K. Dyer, with assistance from special counsel F. Xavier Kowalski and associates Monica A. McKinnon and David M. Rothenberg; tax partner Kurt F. Rosell and associates Philip A. Cooke and Olesia A. Zakon; intellectual property, sourcing and technology partner Robert R. Kiesel, special counsel Scott M. Kareff and associate Bryan Sterba; employment & employee benefits partner Ian L. Levin, special counsel Stephen I. Brecher and associate Aaron S. Farovitch; and real estate associates Daniel M. Aires and Amiel Y. Mandel.

Involved fees earner: Richard Presutti – Schulte Roth & Zabel; Stavan Desai – Schulte Roth & Zabel; Lowell Dyer – Schulte Roth & Zabel; Xavier Kowalski – Schulte Roth & Zabel; Monica McKinnon – Schulte Roth & Zabel; David Rothenberg – Schulte Roth & Zabel; Kurt Rosell – Schulte Roth & Zabel; Philip Cooke – Schulte Roth & Zabel; Olesia Zakon – Schulte Roth & Zabel; Robert Kiesel – Schulte Roth & Zabel; Scott Kareff – Schulte Roth & Zabel; Bryan Sterba – Schulte Roth & Zabel; Ian Levin – Schulte Roth & Zabel; Stephen Brecher – Schulte Roth & Zabel; Aaron Farovitch – Schulte Roth & Zabel; Daniel Aires – Schulte Roth & Zabel; Amiel Mandel – Schulte Roth & Zabel;

Law Firms: Schulte Roth & Zabel;

Clients: Veritas Capital ;

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Author: Ambrogio Visconti