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Davis Polk Advises PwC on the Sale of Its U.S. Public Sector Business to Veritas Capital

Davis Polk is advising PricewaterhouseCoopers LLP on the sale of its U.S. Public Sector business to Veritas Capital. The transaction is subject to regulatory approvals and other conditions.

PwC is a network of firms in 157 countries with more than 223,000 people who are committed to delivering quality in assurance, advisory and tax services. With approximately 1,500 partners and staff, PwC’s U.S. Public Sector business helps governments – federal, state and local – and multilateral agencies solve complex business problems, improve processes and manage risk. Veritas Capital is a private equity firm that invests in companies that provide critical products and services, primarily technology or technology-enabled solutions, to government and commercial customers worldwide.

The Davis Polk corporate team includes partner Oliver Smith and associates Gary Pong and Camila Panama. Partner Veronica M. Wissel and associates Travis Triano and Rina Fujii are providing executive compensation advice. Partner Frank J. Azzopardi and associate Tilak Koilvaram are providing intellectual property and technology advice. Partner Rachel D. Kleinberg and associate Catherine L. Chu are providing tax advice. Members of the Davis Polk team are based in the New York and Northern California offices.