Funds managed by global investment firm Carlyle have acquired ManTech International Corporation (ManTech), a provider of technologies and solutions for national security programmes, in an all-cash transaction representing a total enterprise value of approximately $4.2 billion.

Under the terms of the go-private transaction, ManTech stockholders will receive $96.00 per share in cash. With the completion of the transaction, ManTech’s common stock has ceased trading and will no longer be listed on the NASDAQ Global Select Market.

ManTech will remain headquartered in Herndon, Virginia and the transition is expected to be seamless for customers and employees across ManTech’s business.

Read more: Private Equity Wire