Cubic Corporation, a public transportation and defense technology company, completed a sale to Veritas Capital and Evergreen Coast Capital Corporation. The transaction closed on May 25, 2021, and is valued at approximately $3 billion, including the assumption of debt.
Faegre Drinker represented Cubic in the sale. The cross-office, cross-practice Faegre Drinker team advised on various legal aspects of the transaction, uniting attorneys from the firm’s corporate, mergers and acquisitions, benefits and executive compensation, labor and employment, capital markets, and public companies and governance practices.
Headquartered in San Diego, California, Cubic is a technology-driven, market-leading provider of integrated solutions that increase situational understanding for transportation, defense C4ISR, and training customers worldwide to decrease urban congestion and improve the militaries’ effectiveness and operational readiness.