New Mountain Capital completed the acquisition of a majority stake in Covaris.

New Mountain Capital, an alternative investment manager, completed the acquisition of a majority stake in Covaris, a manufacturer of advanced tools enabling life science innovations. Financial terms were not disclosed. “This is an exciting time for Covaris. The partnership with New Mountain allows us to expand our capabilities to help bring our technology to more customers, and help current customers get the most out of our platform. New Mountain is an investor with a proven track record of growing innovative companies, with particular strength in life sciences, and is therefore the ideal partner for Covaris as we embark on this next growth stage," Jim Laugharn, Covaris Founder and CEO.