|
Roper said it expected Deltek to generate $535 million in
revenue and add $80 million to its cash flow in 2017.
The deal would be funded by cash on hand, borrowings under
existing credit facility and new debt, Roper said on Tuesday.
Reuters had reported in July that Thoma Bravo was exploring a
sale of Deltek.
Thoma Bravo took Deltek private in an all-cash deal valued at
$1.1 billion in 2012.
Herndon, Virginia-based Deltek provides enterprise software to
the majority of the top 100 U.S. federal contractors, as well as
some of the world's largest engineering, architectural,
accounting and consulting firms.
The transaction is expected to close before the end of this
year, Roper said.
(Reporting by Aishwarya Venugopal in Bengaluru; Editing by Savio
D'Souza and Anil D'Silva)
[© 2016 Thomson Reuters. All rights
reserved.] Copyright 2016 Reuters. All rights reserved. This material may not be published,
broadcast, rewritten or redistributed.
 |
|
