New Mountain Capital completed the acquisition of the Applied, Food and Enterprise Services businesses of PerkinElmer for $2.45bn.

New Mountain Capital, a growth-oriented investment firm, completed the acquisition of the Applied, Food and Enterprise Services businesses of PerkinElmer, an American global corporation focused in the business areas of diagnostics, life science research, food, environmental and industrial testing, for $2.45bn. "PerkinElmer has a long history of market-leading innovation, and we are excited to partner with this dedicated team to support the next phase of growth. The business we are acquiring provides mission-critical solutions that enable scientists and researchers to perform their important work, including developing and manufacturing biopharmaceuticals, ensuring a cleaner and safer environment and food supply, and helping to provide high-quality products to demanding customers. New Mountain intends to continue to invest behind the business as we pursue a dynamic growth strategy," Andre Moura, New Mountain Capital Managing Director.