Momentum have been working with us advising and leading on the process that led to the sale of Deep3 Software Ltd to CACI Ltd on 30th October 2019.

The team at Momentum worked alongside us in a true partnership throughout the whole lifecycle of the deal, from preparing the business through to closing what was a fantastic deal for both CACI and Deep3 Shareholders.

On behalf of all the shareholders, I would like to extend a warm and genuine thanks to Alastair and Richard who guided us expertly through the process. It was clear from the offset that they understood the market and they took the time to truly understand our business as well. In doing so they ensured we found a buyer that shares our values and culture as well as securing an excellent commercial deal. Selling a business is, by its very nature, a full-on process with many twists and turns along the way. Alastair and Richard were professional and supportive throughout, always there when needed and an absolute pleasure to work with.

Richard Yorke, CEO, Deep3
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Momentum Corporate Finance is delighted to announce the successful completion of its latest transaction, having advised on the sale of Deep3 to CACI. 

Deep3, which is headquartered in Gloucester with sites in Manchester and London, is a software and data engineering company working in the national security and defence space.

Alastair Boorman, partner at Momentum, said: "We are delighted to have advised the shareholders on the successful sale of the company. There is an excellent strategic and cultural fit between the businesses and we strongly believe that CACI will be a supportive owner for the company and its people going forward.

"It was a pleasure working with the team at Deep3 and we wish them every success in their continued development and growth as part of CACI."

 

The deal was one of three completed by CACI in October, the other two being US-based companies.


Our first quarter performance was a great start to Fiscal Year 2020. We grew revenue, generated strong profitability and cash flow, and won $4bn of contract awards.
Subsequent to the quarter, we closed on three strategic acquisitions adding key capabilities in the mission expertise and technology areas of our business. We are confident in our ability to continue to deliver value to our customers and shareholders.
John Mengucci, President and Chief Executive, CACI