New Mountain Capital Mergers and Acquisitions Summary

Private Equity Firm Profile

In the last 3 years, New Mountain Capital has acquired 19 companies. It has also invested in 6 others.

New Mountain Capital’s most common sectors for investment areinformation technology (17%) and business services (10%) . The Firm’s most common investment types include secondary buyout (42%) and buyout (lbo, mbo, mbi) (15%). In total, New Mountain Capital has invested in 24 US states and 4 different countries. Its largest (disclosed) acquisition occurred in 2017 when it acquired Alight for $4.8B.

In the last 3 years, New Mountain Capital has exited 13 companies. The Firm’s most common exit type is trade sale (49%). New Mountain Capital’s largest (disclosed) exit occurred in 2021 when it sold Blue Yonder for $8.5B.

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M&A Summary

  • M&A Total Activity125
    • M&A Buy Activity85
    • M&A Sell Activity40
  • Total Sectors Invested 28
  • Total Countries Invested 4
  • M&A Buy/Sell Connections 50
  • M&A Advisors 19

New Mountain Capital

1633 Broadway, 48th Floor,
New York, New York 10019
United States
(212) 720-0300
www.newmountaincapital.com
NMC-GeneralInquiry@newmountaincapital.com

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.


Investment Criteria

Sectors of Interest: Business Services, Chemicals, Consumer Products, Defense, Distribution, Education, Energy Services and Equipment, Environmental, Financial Services, Healthcare Services, Information Technology, Insurance, Life Science, Marketing, Media, Medical Products, Oil/Gas Exploration, Software, Technology Hardware, Transportation

Target Transaction Types: Buyout (LBO, MBO, MBI), Divestiture, Growth Capital, Special Situations/Distressed, Stake Purchase

Geographic Preferences: East US, Midwest US, South US, West US

Transaction Criteria Min Max
Target Revenue - -
Target EBITDA - -
Investment Size 100 500
Enterprise Value 100 1,000
values in millions of USD

M&A Summary

Buy vs Sell

Year ≤ '18 '19 '20 '21 '22 '23 T
Buy (6.0/yr) # 55 5 10 9 6 - 85
vol $12.4B $963M $2.5B $15.8B
Sell (3.4/yr) # 24 4 3 8 2 - 41
vol $9.1B $3.2B $1.3B $9.5B $4.1B $27.1B
  126

Most Recent M&A

Company Date Value Type
PerkinElmer - Applied, Food and Enterprise Services businesses 2022-08-01 2.5B USD Divestiture
Waltham, Massachusetts
TMP Worldwide Advertising & Communications LLC 2022-07-20 - Secondary Buyout
New York, New York · www.radancy.com
The Emmes Corp. 2022-06-21 - Secondary Buyout
Rockville, Maryland · www.emmes.com
Citrin Cooperman & Co. LLP 2022-04-11 - Growth Capital
Livingston, New Jersey · www.citrincooperman.com
3E Co. 2022-03-14 - Divestiture
Carlsbad, California · www.3eco.com
Alteon Health 2022-02-01 - Add-on Acquisition
Germantown, Maryland · www.alteonhealth.com
Covaris, LLC 2022-01-13 - Buyout (LBO, MBO, MBI)
Woburn, Massachusetts · www.covaris.com
CloudMed LLC 2022-01-10 4.1B USD Add-on Acquisition
Atlanta, Georgia · www.cloudmed.com
Consolidated Claims Group LLC 2021-12-20 - Secondary Buyout
Charlotte, North Carolina · www.ccgiq.com
Cumming Group 2021-12-02 - Secondary Buyout
Seattle, Washington · www.cumming-group.com
View All >>

Portfolio M&A

Company Acquired Add-On/Sale Date #
Profile Products LLC 2021-11-16 Quick Plug 2022-11-15 2
Buffalo Grove, Illinois · www.profileproducts.com Falmouth, Maine · www.na.quickplug.global
Datavant Group 2014-10-31 Datavant Group - Curation Team 2022-08-24 1
Alpharetta, Georgia · www.datavant.com Alpharetta, Georgia
Aegion Corp. 2021-02-16 EN-TECH Infrastructure LLC 2022-06-10 2
St. Louis, Missouri · www.aegion.com Closter, New Jersey
Premier Dental Services, Inc. 2011-01-01 Mid-Atlantic Dental Service Holdings LLC 2022-05-05 5
Orange, California · www.westerndental.com Plymouth Meeting, Pennsylvania · www.mid-atlanticdental.com
Information Resources, Inc. 2011-06-01 The NPD Group, Inc. 2022-04-11 3
Chicago, Illinois · www.iriworldwide.com Port Washington, New York · www.npd.com
Digital Insurance LLC 2017-05-08 Resourcing Edge, Inc. 2022-03-17 74
Atlanta, Georgia · www.onedigital.com Rockwall, Texas · www.resourcingedge.com
HealthComp LLC 2020-11-09 Gilsbar - TPA Division 2022-01-17 1
Fresno, California · www.healthcomp.com Covington, Louisiana
Ascensus Specialties LLC 2021-07-07 Wychem Ltd. 2021-12-13 1
Bellevue, Washington · www.ascensusspecialties.com Suffolk, United Kingdom · www.wychem.com
Aegion Corp. 2021-02-16 Fyfe North America and Fyfe Europe Business 2021-12-08 1
St. Louis, Missouri · www.aegion.com , United States
Zep, Inc. 2015-04-08 Zep Vehicle Care 2021-09-27 1
Atlanta, Georgia · www.zepinc.com Eagan, Minnesota · www.zepvehiclecare.com

M&A by Sector

Sector Current # Value All-time # Value
Information Technology 6 (14%) - 14 (16%) 5.0B (32%)
Business Services 3 (7%) - 8 (9%) -
Software 1 (2%) - 7 (8%) 200M (1%)
Insurance 2 (5%) 560M (12%) 6 (7%) 3.5B (22%)
Chemicals 3 (7%) 692M (15%) 6 (7%) 1.4B (9%)
Healthcare Services 2 (5%) - 4 (5%) -
Internet Software and Services 3 (7%) - 4 (5%) -
Medical Products 2 (5%) 2.5B (53%) 3 (4%) 2.5B (16%)
Life Science 1 (2%) - 3 (4%) 1.6B (10%)
Engineering 2 (5%) 963M (21%) 3 (4%) 963M (6%)
Information Services 2 (5%) - 3 (4%) -
Environmental - - 2 (2%) 655M (4%)
Consumer Products 2 (5%) - 2 (2%) -
Consumer Services 2 (5%) - 2 (2%) -
Distribution 2 (5%) - 2 (2%) -
Financial Services 1 (2%) - 2 (2%) -
Manufacturing 2 (5%) - 2 (2%) -
Marketing 1 (2%) - 2 (2%) -
Aerospace 1 (2%) - 1 (1%) -
Apparel/Textiles - - 1 (1%) -
Automotive 1 (2%) - 1 (1%) -
Defense - - 1 (1%) -
Digital Media 1 (2%) - 1 (1%) -
Education - - 1 (1%) -
Energy Services and Equipment 1 (2%) - 1 (1%) -
Infrastructure 1 (2%) - 1 (1%) -
Staffing - - 1 (1%) -
Transportation - - 1 (1%) -
Total 42 $4.7B 85 $15.8B

Acquisitions By Geo

State/Country Current # Value All-time # Value
United States 42 (100%) 4.7B (100%) 81 (95%) 14.2B (90%)
  California 7 (17%) - 9 (11%) 735M (5%)
  Georgia 6 (14%) 1.3B (27%) 7 (8%) 1.3B (8%)
  New York 3 (7%) - 7 (8%) -
  Florida 2 (5%) - 6 (7%) -
  Illinois 4 (10%) - 5 (6%) 4.8B (30%)
  Virginia 1 (2%) - 5 (6%) 200M (1%)
  Texas 3 (7%) - 4 (5%) -
  Massachusetts 2 (5%) 2.5B (53%) 4 (5%) 2.5B (16%)
  Pennsylvania 2 (5%) - 4 (5%) -
  New Jersey 1 (2%) - 4 (5%) 1.6B (10%)
  North Carolina 1 (2%) - 3 (4%) 1.3B (8%)
  Connecticut - - 3 (4%) 655M (4%)
  Washington 2 (5%) - 2 (2%) -
  Delaware 2 (5%) - 2 (2%) -
  Missouri 1 (2%) 963M (21%) 2 (2%) 963M (6%)
  Indiana 1 (2%) - 2 (2%) 225M (1%)
  Tennessee 1 (2%) - 2 (2%) -
  Ohio 1 (2%) - 2 (2%) -
  Maryland 1 (2%) - 2 (2%) -
  Alabama - - 2 (2%) -
  Colorado 1 (2%) - 1 (1%) -
  Louisiana - - 1 (1%) -
  Kansas - - 1 (1%) -
  Arizona - - 1 (1%) -
Bermuda - - 2 (2%) -
Switzerland - - 1 (1%) 1.6B (10%)
United Kingdom - - 1 (1%) -
Domestic 42 (100%) 4.7B (100%) 81 (95%) 14.2B (90%)
Cross-border - - 4 (5%) 1.6B (10%)
Total 42 $4.7B 85 $15.8B

Acquisitions by Deal Type

Type Current # Value All-time # Value
Secondary Buyout 23 (55%) - 35 (41%) 1.6B (11%)
Buyout (LBO, MBO, MBI) 2 (5%) - 12 (14%) 1.6B (11%)
Growth Capital 4 (10%) - 12 (14%) -
Stake Purchase 3 (7%) - 7 (8%) 200M (1%)
Recapitalization 2 (5%) - 6 (7%) 1.3B (9%)
Divestiture 4 (10%) 3.0B (65%) 5 (6%) 7.8B (55%)
Going Private 2 (5%) 1.7B (35%) 3 (4%) 1.7B (12%)
PIPE - - 3 (4%) -
Special Situations/Distressed 2 (5%) - 2 (2%) -
Total 42 $4.7B 85 $14.2B

Exits by Deal Type

Type Total # Value
Trade Sale - Public Company 16 (39%) 25.9B (95%)
Secondary Sale 8 (20%) 1.3B (5%)
IPO 5 (12%) -
Merger 4 (10%) -
Trade Sale 4 (10%) -
Stake Sale 3 (7%) -
SPAC 1 (2%) -
Total 41 $27.1B

Top M&A Advisors

Financial Deals
Jefferies LLC
5
Houlihan Lokey
3
Credit Suisse Investment Banking
3
Legal Deals
Ropes & Gray LLP
8
Simpson Thacher & Bartlett LLP
6
Fried Frank Harris Shriver & Jacobson LLP
5

Deal Values

buy # Total
> $1B 5 $11.8B
$100M to $1B 7 $4.0B
TOTAL $15.8B
Largest Alight, Inc.
$4.8B (2017-02-10)
sell # Total
> $1B 8 $24.9B
$100M to $1B 5 $2.2B
< $100M 1 $53M
TOTAL $27.1B
Largest Blue Yonder, Inc.
$8.5B (2021-04-23)

M&A Connections

Deals
Acquired from
Investor(s)
45%
38 (45%)
Strategic(s)
6%
5 (6%)
Exited to
Investor(s)
27%
11 (27%)
Strategic(s)
59%
24 (59%)

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