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Announced

New Mountain Capital to acquire a majority stake in Accolite Digital for $250m.

Financials

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Transaction Value£179m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Single Bidder

United States

Private

cloud products

Acquisition

Private Equity

digital product engineering

Pending

Friendly

Software

Domestic

Majority

Synopsis

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New Mountain Capital, an investment firm with over $30bn in assets under management, agreed to acquire a majority stake in Accolite Digital, a cloud and digital product engineering services provider, for $250m. “Accolite is focused on helping our customers successfully deliver their most complex digital transformation initiatives. We are confident that New Mountain’s deep sector expertise and proven track record of building businesses will help us achieve our growth ambitions and yield significant benefits for our customers, employees and industry partners,” Leela Kaza, Accolite Digital Founder and CEO.

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