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New Mountain Capital To Acquire Flexan

Jul 28, 2021•over 4 years ago

Acquiring Company

53-asset net lease portfolio

Acquired Company

Flexan

Investment Management

Description

An affiliate of New Mountain Capital, LLC ("New Mountain") announced that it has reached a definitive agreement to acquire Flexan, a leading medical device contract design and manufacturing organization that specializes in silicone, thermoplastic, and specialty rubber components and devices. Flexan will be acquired by ILC Dover, a New Mountain Capital portfolio company. The transaction is expected to close by August 2021 subject to customary closing conditions and regulatory approvals.

Company Information

Company

53-asset net lease portfolio

Location

1633 Broadway

About

The net lease portfolio consists of preexisting long-term leases with 11 institutional-quality tenants, spanning 16 states in the US, as well as additional assets in Canada, the UK, and Germany. This portfolio primarily includes mission-critical manufacturing assets across sectors such as food products, industrial machinery, and pharmaceuticals. It represents a significant acquisition for New Mountain's investment strategy.

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed