Platinum Equity-backed PAE to merge with Gores Holding III
PAE, a portfolio company of Platinum Equity, has agreed to merge with Gores Holdings III, a blank check company backed by The Gores Group. The value of the deal is about $1.55 billion. Deutsche Bank Securities Inc. and Evercore acted as lead financial advisers to Gores Holdings III. Deutsche Bank Securities Inc also acted as lead capital markets adviser, while Evercore, BofA Securities and Morgan Stanley acted as capital markets advisers and Moelis & Company LLC as financial adviser. Based in Falls Church, Virginia, PAE is a provider of mission-critical services to the U.S. government, armed forces and international customers, including the U.S. Department of State, Army, Navy, Air Force, NASA and others.
1 November 2019•6 mins read
