New Mountain Capital (NMC)
New Mountain Capital (NMC
Subscribe to the company
New Mountain Capital (NMC)

Companies

New Mountain Capital (NMC)

New Mountain Capital (NMC)

Banks and investments

Description

New Mountain Capital (NMC) is a New York City-based alternative investment manager with private equity, credit, public equity and net lease strategies. As of January 2021, New Mountain’s aggregate assets under management totaled over $30 billion across all investment strategies.

History

New Mountain Capital was founded in 1999 by Steve Klinsky, formerly a top partner at private equity firm Forstmann Little who in the early 1980s co-founded the first private equity group at investment bank Goldman Sachs.

In August 2010, New Mountain acquired the Mallinckrodt Baker chemical company from health care company Covidien, and renamed the company as Avantor. Also in 2010, New Mountain acquired enterprise software developer Red Prairie. Also in 2010, New Mountain founded a private business development corporation, New Mountain Finance Corporation.

In November 2012, New Mountain merged its software company RedPriarie with JDA Software Group.

In 2014, the company closed its $4.13 billion New Mountain Partners IV fund.

In April 2015, New Mountain acquired cleaning chemicals company Zep, Inc. for $692 million, and took the company private.

In 2017, New Mountain closed its $6.15 billion New Mountain Partners IV fund.

In May 2019, New Mountain's chemical company Avantor went public with a $3.8 billion initial public offering, which gave the company a market capitalization of $7.62 billion. In August, New Mountain acquired workflow automation company Ontario Systems (now Finvi) from Arlington Capital Partners.

In December 2020, New Mountain took a majority ownership stake in Tinuiti, an advertising and digital marketing agency targeting clients doing business with Google, Facebook and Amazon.com.

In January 2021, New Mountain announced it had collected over $10 billion across two new funds, including a $9.6 billion flagship private-equity vehicle, its largest fund to date, and a $640 million pool earmarked for non-controlling stakes in companies. In September, New Mountain's company JDA Software (now known as Blue Yonder) was acquired by Japanese conglomerate Panasonic for $7.1 billion.

Rating GlobalNY.biz

Take place
general
№1795
general
Take place
area
№176
area

Mentions in the news

View all

Company Persons

Managing Director at New Mountain Capital
1 place
Managing Director at New Mountain Capital
2 place

NEW YORK COMPANIES


New York business portal GlobalNY.biz includes a huge directory of organizations operating in New York. Here you can easily find all the necessary information about the company. The organization card contains a full info page with a detailed description of the company's activities, logo, contact details and a link to the organization's official website. The reader can also immediately familiarize himself with the staff of the company, see the latest press releases and news block, and also see what line of the rating the company occupies. The rating of a member of the GlobalNY.biz business portal is calculated based on the number of mentions in the New York news and posted press releases containing information about the organization's activities and its achievements. You can also rise in the rating by publishing vacancies, as well as the number of registered persons. At the same time, company representatives can independently see how many times the company's card has been viewed on GlobalNY.biz, as well as promptly correct the information.
We pay special attention to the multifunctionality of the "Companies" section. For your convenience, there is a search box, as well as an industry heading.
New York Business Portal is always up-to-date database of New York enterprises!
Alena Potapova

Development Director
Population
8131834558
Died this year
27403856
Born this year
67418336