New Mountain Capital and Wind Point Partners Recapitalize Ascensus Specialties
July 7, 2021
New Mountain Capital has led a recapitalization of Ascensus Specialties, with Wind Point Partners exiting its prior fund position while reinvesting alongside New Mountain through a special purpose vehicle anchored by Blackstone Strategic Partners. Ascensus, a Bellevue, Washington-based specialty chemicals manufacturer and global leader in borohydride, borane and specialty alcoholate reagents, will use the new capital to support R&D, product innovation and continued growth across pharmaceutical, microelectronics and other specialty end markets.
- Buyers
- New Mountain Capital, Wind Point Partners, Blackstone Strategic Partners
- Targets
- Ascensus Specialties
- Sellers
- Prior Wind Point Partners fund
- Industry
- Manufacturing
- Location
- Washington, United States
- Transaction Type
- Recapitalization
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