Deals
New Mountain Capital Is Said to Mull $3 Billion Zep Exit in 2021
- Private equity firm working with adviser to look at sale, IPO
- Zep was taken private in deal valued at $692 million in 2015
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New Mountain Capital is considering a sale or initial public offering of Zep Inc. in 2021 that could value the cleaning products firm at about $3 billion, according to people with knowledge of the matter.
The New York-based buyout firm is working with an adviser to explore strategic options for the company, said the people, who asked not to be identified because they weren’t authorized to speak publicly. A final decision hasn’t been made and New Mountain could decide to keep the business, the people said.