M&A Deal Summary

New Mountain Capital Acquires Bounteous

On August 3, 2021, private equity firm New Mountain Capital acquired information technology company Bounteous from Mountaingate Capital

Acquisition Highlights
  • This is New Mountain Capital’s 13th transaction in the Information Technology sector.
  • This is New Mountain Capital’s 73rd transaction in the United States.
  • This is New Mountain Capital’s 4th transaction in Illinois.

M&A Deal Summary
Date 2021-08-03
Target Bounteous
Sector Information Technology
Buyer(s) New Mountain Capital
Sellers(s) Mountaingate Capital
Deal Type Secondary Buyout
Advisor(s) Canaccord Genuity Corp. (Financial)

Target

Bounteous

Chicago, Illinois, United States
Bounteous delivers comprehensive strategy, customer experience, engineering, eCommerce, analytics, and digital marketing solutions to leading Fortune 1000 companies. The company helped build Domino’s Pizza into one of the world’s most successful eCommerce brands and serves as the agency of record for Domino’s Canada. Bounteous was formed in 2003 and is based in Chicago, Illinois.

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Buyer(S) 1

Buyer

New Mountain Capital

New York, New York, United States
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 77 of 95
Sector (Information Technology) 13 of 18
Type (Secondary Buyout) 30 of 38
State (Illinois) 4 of 8
Country (United States) 73 of 90
Year (2021) 6 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-01 Finvi

Muncie, Indiana, United States

Finvi is a provider of enterprise software that automates complex workflows and accelerates revenue recovery for clients in the healthcare, accounts receivable management (ARM), and government markets. Finvi was founded in 1980 and is based in Muncie, Indiana.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-14 TRC

Windsor, Connecticut, United States

TRC is a global firm providing environmentally focused and digitally powered solutions that address the local needs of clients in consulting, construction, engineering, and management services, combining science with the latest technology to devise solutions that stand the test of time. TRC’s nearly 6,000 professionals serve a broad range of public and private clients, steering complex projects from conception to completion to help solve the toughest challenges. TRC was formed in 1969 and is based in Windsor, Connecticut.

Sell -

Seller(S) 1

SELLER

Mountaingate Capital

Investor Investor Investor Investor Investor

Category Growth Capital Firm
Founded 2016
Size Small
Type Sector Agnostic
DESCRIPTION

Mountaingate Capital is a private equity firm focused on acquiring middle-market companies with $5 to $25 million of EBITDA. The Firm focuses on growth-oriented companies in the business services, specialty manufacturing, marketing, and distribution sectors. Mountaingate looks to partner with management when investing and will consider transaction situations from buyouts, to consolidations and recapitalizations. Mountaingate Capital was formed in 2016 and is based in Denver, Colorado.

DEAL STATS #
Overall 3 of 5
Sector (Information Technology) 2 of 2
Type (Secondary Buyout) 3 of 4
State (Illinois) 1 of 1
Country (United States) 3 of 5
Year (2021) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-08 Mars United Commerce

Southfield, Michigan, United States

Mars United Commerce is a global commerce marketing agency. Mars United Commerce executes complex, targeted marketing campaigns across online and in-store channels using data, analytics, and insights enabled by its proprietary commerce marketing technology platform, Marilyn. Mars United Commerce was founded in 1973 and is based in Southfield, Michigan.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-23 ImagineSoftware

Charlotte, North Carolina, United States

ImagineSoftware is a provider of billing automation software and revenue cycle management applications. Offering powerful technology solutions for medical billing offices, practices, and hospitals, Imagine Software currently serves more than 46,000 physicians. ImagineSoftware solutions improve financial efficiency, build provider reputation, and ultimately improve the patient experience. ImagineSoftware was founded in 2000 and is based in Charlotte, North Carolina.

Sell -
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