Investment Summary

New Mountain Capital Invests In Rawlings

On April 2, 2024, private equity firm New Mountain Capital invested in information technology company Rawlings

Investment Highlights
  • This is New Mountain Capital’s 16th transaction in the Information Technology sector.
  • This is New Mountain Capital’s 89th transaction in the United States.
  • This is New Mountain Capital’s 1st transaction in Kentucky.
Investment Fate
  • Rawlings merged with another company in 2025.

Investment Summary

Date 2024-04-02
Target Rawlings
Sector Information Technology
Investor(s) New Mountain Capital
Deal Type Growth Capital
Advisor(s) Barclays Investment Bank (Financial)
Debevoise & Plimpton
Dentons (Legal)

Target

Rawlings

La Grange, Kentucky, United States
Rawlings is a technology-enabled coverage analytics provider that delivers savings for its health insurance clients by identifying liable third parties responsible for paying medical claims across its subrogation, coordination of benefits, and drug claim payment integrity offerings. Rawlings was formed in 1977 and is based in La Grange, Kentucky.

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Investor(S) 1

Investor

New Mountain Capital

New York, New York, United States

Category Private Equity Firm
Founded 1999
PE ASSETS 55.0B 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 1999 and is based in New York, New York.


DEAL STATS #
Overall 93 of 103
Sector: Information Technology M&A 16 of 18
Type: Growth Capital M&A Deals 16 of 19
State: Kentucky M&A 1 of 1
Country: United States M&A 89 of 98
Year: 2024 M&A 2 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-03-25 ILC Dover

Frederica, Delaware, United States

ILC Dover provides high-performance flexible materials for complex government and commercial applications, including bio-pharmaceutical and personal hazmat protection, infrastructure protection, inflatable applications, lighter-than-air airships, and pressurized spacesuits. ILC Dover has manufacturing locations in Delaware, Texas, and Switzerland.

Sell $2.3B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-04-03 Classic Collision

Atlanta, Georgia, United States

Classic Collision is a provider of quality auto body repairs with properly trained technicians and the appropriate equipment. Classic Collision was founded in 1983 and is based in Atlanta, Georgia.

Sell -