Booz Allen Hamilton to raise $300m in First Public Offering

Booz Allen Hamilton, a consultant that is supported by Carlyle Group, filed on Monday to raise almost $300 million in a preliminary public offering, which is the latest private equity-backed Company to do so.

Booz Allen, which offers management and technology consulting services to the U. S. Government in the defense, intelligence and civil markets, said it would make use of income from the offering to pay back its arrears.

The McLean, Virginia-based Company did not disclose information related to the size of the offering or an expected price range.

Morgan Stanley, Barclays Capital, Bank of America Merrill Lynch and Credit Suisse are playing the role of joint book-running managers. The shares are anticipated to trade under the mark ‘BAH,’ but a swap has not been spoken about in particular.

Carlyle, which has no less than $90.5 billion under management, purchased a bulk stake in Booz Allen Hamilton in the month of May 2008 for $2.54 billion.

Booz Allen Hamilton is the most recent in a sequence of filings by private equity portfolio firms whose possessors are searching for a way to make an exit after the window for IPOs, which were mainly closed during the financial catastrophe, broke open in the previous year.