M&A
confidence high
sentiment neutral
materiality 0.75
PerkinElmer sells Applied, Food & Enterprise Services to New Mountain Capital for up to $2.45B
REVVITY, INC.
- Cash consideration up to ~$2.45B; ~$2.3B at closing including $75M deferred for brand transfer.
- Buyer is Polaris Purchaser, L.P., owned by funds managed by New Mountain Capital.
- Closing expected no earlier than Dec 1, 2022; subject to HSR, foreign approvals, and reorganization.
- Buyer pays $75M reverse termination fee if terminated under certain conditions; financing not a condition.
- Three-year non-compete for PerkinElmer in the sold businesses after closing.