M&A Deal Summary

New Mountain Capital Acquires Zep

On April 8, 2015, private equity firm New Mountain Capital acquired chemicals company Zep for 692M USD

Acquisition Highlights
  • This is New Mountain Capital’s 3rd transaction in the Chemicals sector.
  • This is New Mountain Capital’s 9th largest (disclosed) transaction.
  • This is New Mountain Capital’s 30th transaction in the United States.
  • This is New Mountain Capital’s 3rd transaction in Georgia.

M&A Deal Summary
Date 2015-04-08
Target Zep
Sector Chemicals
Buyer(s) New Mountain Capital
Deal Type Going Private
Deal Value 692M USD
Advisor(s) BofA Securities (Financial)
King & Spalding LLP
Hunton & Williams LLP (Legal)

Target

Zep

Atlanta, Georgia, United States
website
Zep's headquarters in Atlanta, Georgia.
Zep's headquarters in Atlanta, Georgia.
Zep is a manufacturer and marketer of a wide range of high-efficacy maintenance and cleaning solutions for commercial, industrial, institutional, and consumer end-markets under well-known and respected brand names. The breadth of the Zep product portfolio provides customized, superior cleaning and maintenance solutions to a broad customer base including manufacturers, food processors and preparers, restaurants, hospitals, schools, municipalities, government organizations, hotels and car washes.

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Buyer(S) 1

Buyer

New Mountain Capital

New York, New York, United States

website

Category Private Equity Firm
Founded 2000
PE ASSETS 35.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

New Mountain Capital is a private investment firm focused on investment in public and private companies in a variety of industries. New Mountain generally invests $100 to $500 million per transaction and looks for businesses with strong market positions and high barriers to entry. New Mountain also prefers businesses that succeed in both good and bad economies. Sectors of interest include education, healthcare, business services, federal IT services, media, software, consumer products, logistics, financial services and technologies, and energy. New Mountain Capital was formed in 2000 and is based in New York City.

DEAL STATS #
Overall 34 of 91
Sector (Chemicals) 3 of 6
Type (Going Private) 1 of 3
State (Georgia) 3 of 7
Country (United States) 30 of 87
Year (2015) 2 of 4
Size (of disclosed) 9 of 13
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-02-18 Diversified Foodservice Supply

Mount Prospect, Illinois, United States

Diversified Foodservice Supply is a distributor of maintenance, repair and operations parts, supplies, and equipment to the U.S. foodservice industry, serving over 250,000 foodservice customer locations. DFSI is uniquely positioned in the industry due to its strength in sourcing high quality parts from both original component and original equipment manufacturers. DFSI currently operates through multiple brands including AllPoints Foodservice Parts & Supplies, Tundra Restaurant Supply, Franklin Machine Products, Mill Hardware, and Restaurant Parts & More. Its brands are consistently recognized as market leaders in service, quality, and value. DFSI has a long track record of strong organic growth complemented by successful acquisitions. These acquisitions have helped to broaden its product offering and geographic footprint, enabling DFSI to provide industry-leading selection and service to its customers.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-04-16 Ikaria

Clinton, New Jersey, United States

Ikaria is a critical care therapeutics company. Ikaria is based in Clinton, New Jersey.

Sell $2.3B
Mergr

Product

Company

Legal