Articles from New Mountain Capital, LLC

New Mountain Capital, LLC (“New Mountain”), a leading growth-oriented alternative investment firm headquartered in New York, announced the $1.2 billion closing of its second non-control private equity fund, New Mountain Strategic Equity Fund II, L.P. and its related vehicles (collectively, “SEF II” or the “Fund”). New Mountain describes itself as “a business that builds businesses,” and has generated over $100 billion of enterprise value gains in its control private equity companies since the firm’s inception.

New Mountain Capital, LLC (“New Mountain”), a leading growth-oriented investment firm with more than $55 billion in assets under management, today announced a definitive agreement to acquire Machinify, Inc. (“Machinify”), a leading provider of artificial intelligence (AI)-powered software transforming healthcare payments. Machinify will become a core part of the company recently formed through the merger of The Rawlings Group (“Rawlings”), Apixio’s Payment Integrity business (“Apixio PI”), and VARIS. The combined organization, to be named Machinify at close, will bring together revolutionary technology, clinical expertise, and a wealth of data to transform healthcare payments and build a frictionless foundation for healthcare administration for all stakeholders.

Salute Holdings, LLC (“Salute” or the “Company”), a leading provider of integrated asset management services for the data center industry, today announced it has received a majority investment from funds managed by New Mountain Capital, LLC (“New Mountain”), a leading growth-oriented alternative investment firm headquartered in New York. Current investor LLR Partners (“LLR”) will maintain a significant minority investment in the Company.

New Mountain Capital, LLC (“New Mountain”), a leading growth-oriented investment firm with over $55 billion in assets under management, today announced the completion of a merger among The Rawlings Group (“Rawlings”), Apixio’s Payment Integrity (PI) business, and VARIS to form the leading technology-enabled platform focused on lowering the cost of care across the healthcare system. The combination introduces a next level of payment accuracy and proactive identification of errors in an increasingly complex healthcare environment by leveraging each company’s technology and decades of experience to create a comprehensive platform well-positioned to drive meaningful savings for health plans.

Consor Holdings LLC ("Consor" or the “Firm”), a leading provider of transportation and water infrastructure engineering and consulting services, and New Mountain Capital, LLC (“New Mountain”), a leading growth-oriented investment firm with approximately $50 billion in assets under management, today announced a significant investment from affiliates of New Mountain to support the Firm’s continued growth. Consor’s leadership team and employees retained a significant ownership stake in the Firm.

New Mountain Capital, LLC (“New Mountain”), a leading alternative investment firm with approximately $45 billion of assets under management1 across private equity, credit and net lease real estate, today announced the opening of its Tokyo office. Led by Andrew Barous, a Managing Director and 18-year veteran of New Mountain, the new office will focus on deepening client relationships and expanding the firm’s investor base across Asia. Investment activity will remain focused on defensive-growth middle-market companies headquartered in North America.

New Mountain Capital, LLC (“New Mountain”), a leading alternative investment firm with over $40 billion of assets under management1 across private equity, credit and real estate, today announced the closing of its second net lease real estate fund, New Mountain Net Lease Partners II, L.P. (“NMNLP II” or the “Fund”). NMNLP II closed with $825 million of equity capital commitments, including approximately $725 million of third-party Limited Partner commitments and approximately $100 million from the General Partner.

New Mountain Capital, LLC (“New Mountain”), a growth-oriented investment firm with over $35 billion in assets under management, announced today that it has closed its acquisition of Profile Products, LLC (“Profile” or the “Company”). Profile is a leading developer and manufacturer of highly engineered specialty agriscience materials that promote environmental sustainability, while delivering superior performance for horticulture, erosion control, and other specialty applications.

An affiliate of New Mountain Capital, LLC (“New Mountain”) announced that it has reached a definitive agreement to acquire Flexan, a leading medical device contract design and manufacturing organization that specializes in silicone, thermoplastic, and specialty rubber components and devices. Flexan will be acquired by ILC Dover, a New Mountain Capital portfolio company. The transaction is expected to close by August 2021 subject to customary closing conditions and regulatory approvals.