Articles from New Mountain Capital

SmarterDx, Inc. (“SmarterDx” or “the Company”), a leader in clinical AI for revenue integrity and care quality, today announced a strategic investment from New Mountain Capital, LLC (“New Mountain Capital”), a leading growth-oriented investment firm with more than $55 billion in assets under management. This investment will support SmarterDx’s next phase of growth and product innovation, focused on creating value for health systems and enabling them to deliver the best care for patients.

Thoughtful Automation Inc. (“Thoughtful.ai”), a leading artificial intelligence (AI)-powered revenue cycle automation company, today announced a strategic investment from New Mountain Capital, LLC (“New Mountain Capital”), a leading growth-oriented investment firm with more than $55 billion in assets under management. This investment will support Thoughtful.ai’s next phase of growth and further accelerate automation and AI adoption to address the complex challenges facing healthcare providers.

New Mountain Capital, LLC (the “Firm” or “New Mountain”), a leading growth-oriented alternative investment firm headquartered in New York, today announced it deployed more than $400 million across seven net lease transactions in 2024.

New Mountain Capital, LLC (“New Mountain”), a leading growth-oriented alternative investment firm headquartered in New York, today announced the launch of New Mountain Wealth Solutions, a new platform to support RIAs and their clients.

Amerit Fleet Solutions (“Amerit”), a premier provider of commercial fleet maintenance and repair services, is pleased to announce that it has partnered with New Mountain Capital, a leading growth-oriented investment firm with over $55 billion in assets under management.

Union Healthcare Insight (“Union” or the “Company”), a healthcare research and insights platform, today announced a strategic investment from affiliates of New Mountain Capital, LLC (“New Mountain”), a leading growth-oriented investment firm with approximately $55 billion in assets under management. New Mountain, together with healthcare executive Robert Musslewhite, will support Union across the next phase of growth for the Company by providing investment that will significantly expand the scope of Union’s research and product capabilities.

Datassential, the leading global food and beverage intelligence platform, today announced a strategic investment from New Mountain Capital, a growth-oriented investment firm with more than $55 billion in assets under management, and Endicott Capital, an investment firm focused exclusively on the information services sector. This partnership with New Mountain Capital and Endicott represents a significant step in Datassential's journey toward further enhancing its impact, strengthening its capabilities, and expanding its reach to serve clients across the food and beverage industry.

New Mountain Capital, a leading growth-oriented investment firm, today announced that it has established Swoop, the leading provider of omnichannel marketing technology for the healthcare industry, as a standalone business. For the past four years, Swoop has operated as a unit of Real Chemistry, another New Mountain portfolio company, during which both businesses grew exponentially.

New Mountain Capital, LLC (“New Mountain”), a leading growth-oriented alternative investment firm headquartered in New York, announced the $15.4 billion closing of its seventh control/control-oriented fund, New Mountain Partners VII, L.P. and its related vehicles (collectively, “Fund VII” or the “Fund”). New Mountain describes itself as “a business that builds businesses,” and has generated over $85 billion of enterprise value gains in its private equity companies since the firm’s inception, without one PE bankruptcy or missed interest payment.

Actylis, a leading global manufacturer and sourcing expert of critical materials and performance ingredients for the life sciences and specialty chemicals markets, today announced the appointment of Scott Thomson as Chief Executive Officer. Scott has a three-decade track record in the pharmaceutical and chemical industries, most recently as CEO of SPI Pharma, a leading global provider of pharmaceutical ingredients, systems and services, where he helped lead the sustainable improvement of its strategic development and execution. Prior to SPI Pharma, Scott was a senior executive at BASF and was responsible for several global life science and specialty ingredients businesses.

New Mountain Capital (“New Mountain”), a leading growth-oriented investment firm with more than $45 billion in assets under management, today announced that Sastry Chilukuri has joined its team as an Executive Advisory Council Member and has been named Executive Chairman of Emmes. In these roles, Chilukuri will oversee the digitization and artificial intelligence (AI)-enablement of Emmes and other New Mountain Capital portfolio companies.

The new PerkinElmer business acquired by New Mountain Capital announced today the appointment of Dirk Bontridder as Chief Executive Officer effective March 13, 2023. The newly independent company includes the flagship OneSource laboratory and field services as well as a portfolio of atomic spectroscopy, molecular spectroscopy, and chromatography instruments, consumables and reagents for the biopharma, food, environmental & safety and applied end markets.

New Mountain Capital, a leading growth-oriented investment firm with more than $37 billion in assets under management, today announced an investment in ClaimLogiq, a healthcare technology platform that enables complex claim reviews for health plans prior to payment. Affiliates of New Mountain Capital are partnering with ClaimLogiq’s management team and existing investor, Eir Partners, to support the next phase of growth for the company, including investments in product development, talent and infrastructure.

Covaris, LLC (“Covaris” or “the Company”), a manufacturer of advanced tools enabling life science innovations, announced today that it has appointed Annemarie Watson as Chief Executive Officer, effective immediately. Ms. Watson succeeds Covaris founder Jim Laugharn, who will remain an investor in Covaris and on serve on the Company’s Board of Directors, as well as assuming the role of Chief Technology Officer. Annemarie brings to Covaris a wealth of leadership experience in life sciences and other technology-intensive industries, and a passion for leading innovation and growth.

New Mountain Capital, a growth-oriented investment firm with over $37 billion in assets under management, today announced that it has entered into a definitive agreement with the intention to acquire PerkinElmer’s Applied, Food and Enterprise Services businesses, a carve-out from the Discovery & Analytical Solutions segment of PerkinElmer, Inc. (NYSE: PKI), for up to $2.45 billion in total consideration.

New Mountain Capital, a leading growth-oriented investment firm with more than $37 billion in assets under management and Emmes, a global, tech-enabled full-service clinical research organization (CRO) dedicated to supporting the advancement of public health and biopharmaceutical innovation, today announced that they have formed a partnership to support and accelerate Emmes’ next phase of growth. Affiliates of New Mountain will acquire the ownership interest of Behrman Capital, the majority investor in Emmes since March 2019, and the ownership interests of Emmes’ other investors. The transaction is expected to close in early July and terms were not disclosed.

New Mountain Capital, a leading growth-oriented investment firm that manages more than $35 billion in assets under management announces a majority investment in Citrin Cooperman, a top full-service advisory, tax and assurance firm in the United States.

New Mountain Capital, a growth-oriented investment firm with over $35 billion in assets under management, and Endicott Capital, an investment fund focused exclusively on the information services sector, today announced the closing of the purchase of 3E from Verisk (Nasdaq: VRSK). New Mountain will serve as the control investor.

Covaris, Inc. (“Covaris” or “the Company”), a manufacturer of advanced tools enabling life science innovations, announced today that New Mountain Capital (“New Mountain”), a leading growth-oriented investment firm with over $35 billion in assets under management, has made a majority investment in the Company. The terms of the transaction were not disclosed.

Cumming Group (“Cumming” or the “Company”), an international construction consultancy, announced today that it has partnered with New York-based New Mountain Capital, a leading growth-oriented investment firm with over $35 billion in assets under management. Terms of the transaction were not disclosed.

New Mountain Capital (the “Firm” or “New Mountain”), managing over $35 billion across private equity, credit, and net lease real estate, today announced the closing of its latest direct lending fund, New Mountain Guardian III BDC, L.L.C. (the “Fund” or “Guardian III”) with approximately $1.15 billion of capital commitments from a diverse group of investors. Commitments included a substantial investment from the General Partner and employees of the Firm. The Fund is expected to have approximately $2.0 billion in investable capital, including leverage. Consistent with the Firm’s investment philosophy, New Mountain’s private credit strategy focuses on lending to the highest quality companies in select, non-cyclical defensive growth industries.

Nina Barton, a seasoned consumer brand and e-commerce leader who most recently served as Global Chief Growth Officer at Kraft Heinz, joins Jarrow Formulas and Natrol as Chief Executive Officer. Barton brings her more than two decades of experience accelerating consumer businesses to the leading vitamin and supplement brands owned by New Mountain Capital.

New Mountain Capital (“New Mountain”) announced today that it has acquired Ascensus Specialties (“Ascensus” or the “Company”), a leading U.S. based provider of specialty materials for use in critical life sciences and specialties markets and applications. Wind Point Partners (“Wind Point”), the former majority shareholder, will reinvest in the Company in partnership with New Mountain Capital through a special purpose vehicle raised in association with the transaction.