New Mountain Capital

Private Equity New Mountain’s private equity strategy seeks to acquire the highest quality leaders in carefully selected defensive growth industries, and then to build those businesses. New Mountain acquires controlling stakes in defensive growth industries, generally investing between $100 million and $500 million per transaction in companies with enterprise values typically between $100 million and $1 billion. Strategic Equity New Mountain’s strategic equity strategy follows the same defensive growth strategy as the private equity business in order to acquire minority, non-control equity stakes when majority control is not available. New Mountain seeks to invest in companies generally characterized by: ▪ Market leadership in sustainable and noncyclical growth niches ▪ Strong free cash flow characteristics ▪ High barriers to competitive entry ▪ Strong downside protection in all reasonable worst-case scenarios ▪ The opportunity for substantial value creation due to rapid growth or special factors existing at the time of the investment Once an investment is made, New Mountain works to help management add value to its companies in order to create much larger and more profitable New Mountains in their own industries.