The Firm is representing New Mountain Capital in its acquisition of PerkinElmer’s Applied, Food and Enterprise Services businesses, a carve-out from the Discovery & Analytical Solutions segment of PerkinElmer, Inc. (NYSE: PKI), for up to $2.45 billion in total consideration. The transaction is expected to close in the first quarter of 2023, subject to customary closing conditions.
The business being acquired includes PerkinElmer’s leading OneSource laboratory and field services, along with a portfolio of atomic spectroscopy, molecular spectroscopy, and chromatography instruments, consumables and reagents that serve the biopharma, food, environmental and safety, and applied end markets.
The Simpson Thacher team includes Elizabeth Cooper, Matt Rogers, Johanna Mayer, Carina Kan and Daniel Lee (M&A); Chris Brown, Ben Persina, Noah DeBlasi, Tina Zheng and Janhvi Barthwal (Banking and Credit); Greg Grogan, Kristy Fields and Joshua Stephens (Executive Compensation and Employee Benefits); Lori Lesser, Corina McIntyre, Suyoung Jang and Mark Natividad (Intellectual Property); Andrew Purcell and Scott Grundei (Tax); Krista McManus and Dennis Loiacono (Real Estate); David Greene, Matthew Leighton and David Whelan (Funds); Toby Chun and Deepa Sarkar (Environmental); Steve DeLott (Insurance); Vanessa Burrows and Tera Rule (Healthcare); and Peter Guryan, Etienne Renaudeau, Kelly Karapetyan, Jamie Logie, Joshua Buckland and Susanna Breslin (Antitrust).