Private Military Contractors - Data Dump

[Ed Jewett]

#1)
DynCorp Owner Cashes Out Of Wartime Investment

April 12, 2010 - 3:23 pm

Nathan Vardi

Robert McKeon, chief of New York private equity firm Veritas Capital, is on the verge of exiting the most lucrative deal of the wars in Iraq and Afghanistan. For all the talk about Blackwater and Houston oil industry firms connected to Dick Cheney, it took a Wall Street player to truly figure out how to play the war game.
DynCorp International, the Falls Church, Va., provider of services to the U.S. military, announced Monday that it has reached a $1.5 billion deal to be acquired by funds managed by Cerberus Capital Management. If the deal goes through, McKeon will have turned a $48 million personal investment in DynCorp into some $320 million for himself. McKeon’s performance has apparently inspired Stephen Feinberg, chief of Cerberus, to also venture into this sector.
DynCorp has been a defining transaction for McKeon, a Bronx-born son of a Drake's cakes deliveryman who once headed private equity at Wasserstein Perella & Co. But the DynCorp deal has not been without controversy. As I reported last year, the deal became the subject of a fierce confrontation between McKeon and his former partner and close friend, Thomas Campbell. The duo spent years together building Veritas, focusing on the defense sector with help from retired generals like Barry R. McCaffrey and Anthony C. Zinni. Now McKeon and Campbell are locked in litigation, accusing each other in dueling lawsuits of deceit and betrayal. Campbell has moved on to start DC Capital Partners, a private equity shop that recently scored its own big exit by selling a company to IBM....


More here:

http://blogs.forbes.com/streettalk/2010/04/12/dyncorp-owner-cashes-out-of-wartime-investment/

#2)

Kendall Law Group Begins Investigation of DynCorp International Inc. for Shareholders

DALLAS, Apr 12, 2010 (BUSINESS WIRE) -- Kendall Law Group is investigating DynCorp International Inc. /quotes/comstock/13*!dcp/quotes/nls/dcp (DCP 17.41, +5.66, +48.17%) for shareholders concerning the proposed buyout of DynCorp by Cerberus Capital Management LP. The national securities litigation firm seeks to determine if a fair process was used in shopping the company prior to entering into the agreement and whether the Board of Directors of DynCorp breached their fiduciary duties by not seeking a deal that would provide better value of the company.....

http://www.marketwatch.com/story/kendall..._news_stmp

#3)

Wolf Haldenstein Investigating DynCorp International, Inc. Board



NEW YORK, Apr 12, 2010 (BUSINESS WIRE) -- Attorney Advertising. The law firm of Wolf Haldenstein Adler Freeman & Herz LLP is investigating possible breaches of fiduciary duty by the Board of Directors of DynCorp International, Inc. ("DynCorp" or the "Company") /quotes/comstock/13*!dyn/quotes/nls/dyn (DYN 1.22, +0.02, +1.67%) arising out of the proposed acquisition of DynCorp by Cerberus Capital Management, L.P. ("Cerberus").
On Monday, April 12, 2010, DynCorp announced that Cerberus will acquire it pursuant to an all cash offer. Under the terms of the agreement, DynCorp stockholders will receive cash of $17.55 in exchange for each share of DynCorp common stock. Cerberus may be underpaying for DynCorp, thus unlawfully harming DynCorp shareholders....


More here:
http://www.marketwatch.com/story/wolf-ha..._news_stmp