Investment Summary

New Mountain Capital Invests In Accolite Digital

On February 16, 2021, private equity firm New Mountain Capital invested in information technology company Accolite Digital

Investment Highlights
  • This is New Mountain Capital’s 12th transaction in the Information Technology sector.
  • This is New Mountain Capital’s 69th transaction in the United States.
  • This is New Mountain Capital’s 4th transaction in Texas.

Investment Summary
Date 2021-02-16
Target Accolite Digital
Sector Information Technology
Investor(s) New Mountain Capital
Deal Type Growth Capital
Advisor(s) Ernst & Young Capital Advisors LLC
o3 Capital Global Advisory Pvt. Ltd. (Financial)

Target

Accolite Digital

Addison, Texas, United States
Accolite Digital is a provider of cloud and digital product engineering services across the banking and financial services, technology, healthcare, communications and media, and logistics industries. Headquartered in Addison, Texas, Accolite helps its customers successfully navigate their digital transformation journeys by providing digital product engineering, cloud services, data engineering, DevOps, customer experience, and design services. With over 1,600 professionals globally, Accolite has a presence across the United States, Canada, and Europe and has digital labs in Bangalore, Hyderabad, Gurugram, and Chennai.

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Investor(S) 1

Investor

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 73 of 95
Sector (Information Technology) 12 of 18
Type (Growth Capital) 11 of 16
State (Texas) 4 of 4
Country (United States) 69 of 90
Year (2021) 2 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-02-16 Azuria

St. Louis, Missouri, United States

Azuria engages in infrastructure protection and provides proprietary technologies and services for the corrosion protection of industrial pipelines and for rehabilitating and strengthening sewer, water, energy, and mining piping systems, buildings, bridges and tunnels, and waterfront structures. Azuria was formed in 1971 and is based in St. Louis, Missouri.

Buy $963M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-13 HomeX

Manteca, California, United States

HomeX is a home services platform for both homeowners and service providers, improving the complex and fragmented home services industry. HomeX is making home maintenance less complicated for homeowners by providing quick, trusted solutions for issues that arise related to heating, cooling, plumbing, electrical systems and appliances.

Buy -
Mergr

Product

Company

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