PE-backed Camber Corp recruits Nolan as CEO

Camber Corp., a portfolio company of New Mountain Capital, has hired Philip O. Nolan as CEO. Nolan will replace Camber co-founder Walter Batson who will remain as chairman of the board of directors. Nolan is the former chairman and CEO of Stanley Inc. Based in Huntsville, Alabama, Camber is a professional services organization.

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KRG sells Diversified Foodservice Supply to New Mountain Capital

New Mountain Capital has acquired Diversified Foodservice Supply Inc from KRG Capital Partners. No financial terms were disclosed. Robert W. Baird & Co. was financial advisor to DFS on the transaction. Headquartered in Mount Prospect, Illinois, DFS is a provider of maintenance, repair and operations parts, supplies and equipment to the foodservice industry.

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New Mountain Capital to acquire HealthPort

New Mountain Capital has agreed to buy HealthPort. No financial terms were disclosed for the transaction, which is expected to be completed in the fourth quarter of this year. Credit Suisse and TripleTree were financial advisors to New Mountain on the deal. Based in Alpharetta, Georgia, HealthPort is a provider of medical information access management and compliance services on behalf of healthcare firms.

New Mountain Capital’s Avator adds to board of directors

Avantor Performance Materials, a portfolio company of New Mountain Capital, has appointed William E. Redmond to its board of directors. Redmond is the former CEO of General Chemical Corp. Based in Center Valley, Penn., Avantor is a provider of high-performance chemistries.

PE-backed Avantor names new CEO

Avantor Performance Materials, a portfolio company of New Mountain Capital, has named Michael Stubblefield as CEO. Previously, Stubblefield worked at McKinsey & Company‘s chemicals practice where he served as a senior expert. Based in Center Valley, Penn., Avantor is a provider of high-performance chemistries.

PE-backed Avantor names new EVP of lab products

Avantor Performance Materials, a portfolio company of New Mountain Capital, has hired Helen Evans as executive vice president of laboratory products. Previously, Evans worked at GE Healthcare where she served as general manager of research markets for the U.S. and Canada. Based in Center Valley, Penn., Avantor is a provider of high-performance chemistries.

PE-backed Avantor hires new CFO

Avantor Performance Materials, a portfolio company of New Mountain Capital, has named Richard Gaynor as chief financial officer. Previously, Gaynor worked at GT Advanced Technologies where he also served as a CFO. Based in Center Valley, Penn., Avantor is a provider of high-performance chemistries.

Water Street sells Medical Specialties Distributors

Water Street Healthcare Partners has sold Stoughton, Mass.-based Medical Specialties Distributors to New Mountain Capital. Water Street partnered with MSD’s management team in 2010 to build the company into the nation’s leading distributor and solutions provider to the growing alternate-site home infusion therapy market.

Reuters – KKR, New Mountain pursue joint bid for talent agency IMG

Private equity firm KKR has teamed up with New Mountain Capital to bid for IMG Worldwide, joining a handful of companies interested in buying the sports, fashion and marketing agency from Forstmann Little & Co, writes Reuters. KKR and New Mountain would be competing for IMG against other buyout firms, as well as sports and entertainment companies, Creative Artists Agency and William Morris Endeavor Entertainment, writes Reuters.

fund

New Mountain, Levine Leichtman Hit Fundraising Trail for New Pools

The fundraising market may be difficult but that’s not stopping New Mountain Capital and Levine Leichtman Capital. New Mountain is officially out marketing for a $3 billion fund, while Levine Leichtman is seeking $1.5 billion for its latest structured pool which may be increased to $2 billion.

fundraising

TPG Considers $8B – $12B for Fund VII

TPG Capital may be the next buyout shop to hit the fundraising trail. The PE firm founded by David Bonderman and James Coulter is considering an $8 billion to $12 billion target for its next global buyout fund, two placement agents say. Fundraising for TPG Partners VII LP is expected to begin during the first half of 2013.

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