New Mountain Capital $692 million acquisition of Zep

Overview:

• Affiliates of New Mountain Capital, a private equity company, have acquired Zep, a cleaning chemicals company, for $692 million. 
• Upon the closing of this transaction, Zep delisted its shares from the NYSE and became a private company.
• Jefferies and KeyBanc Capital Markets acted as financial advisers to New Mountain Capital.
• BofA Merrill Lynch acted as financial adviser to Zep.

Rani Mehta - Journalist