Datassential, which is a leading global food and beverage intelligence platform, announced a strategic investment from New Mountain Capital (a growth-oriented investment firm with over $55 billion in assets under management) and Endicott Capital (an investment firm focused exclusively on the information services sector). This partnership with New Mountain Capital and Endicott represents a major step in Datassential’s journey toward further enhancing its impact, strengthening its capabilities, and expanding its reach to serve clients across the food and beverage industry.
Launched in 2001, Datassential has become the trusted partner for hundreds of global food and beverage companies, providing comprehensive research, data analytics, and trend intelligence to help its clients innovate and grow. And with New Mountain Capital and Endicott’s partnership, Datassential will have the added resources and expertise to expand its product offerings and strengthen its technological capabilities while continuing to drive its commitment to serving clients with market-leading solutions.
New Mountain Capital’s investment in Datassential aligns with its strategy of investing in high-growth, market-leading companies across diverse industries. The firm’s commitment to fostering innovation, sustainable growth, and building great businesses will emphasize its partnership with Datassential and support the company in accelerating its current strategy and achieving its long-term objectives.
Solomon Partners served as financial advisor and Simpson Thacher & Bartlett served as legal advisor to New Mountain Capital. Aeris Partners served as the financial advisor and Latham & Watkins served as legal advisor to Datassential and Spectrum Equity.
KEY QUOTES:
“We are thrilled to join forces with New Mountain Capital and Endicott, firms that share our vision of product innovation and client-centric growth. This partnership will allow us to accelerate our business strategy and capture opportunities in the market, further expand our offerings and bring greater value to the food and beverage community worldwide.”
-Datassential CEO Jim Emling
“Datassential has established itself as a leader in the food and beverage insights market, known for its deep expertise, unparalleled data solutions and innovative approach. We are excited to be partnering with the Datassential team to support their vision and drive growth, both organically and through strategic acquisitions. This partnership marks another significant milestone in our ongoing effort to invest in transformative companies that are shaping their industries.”
-Gandhi Bedi, Managing Director at New Mountain Capital
“We see tremendous potential in Datassential’s platform, and are committed to investing in the resources and technology that will empower the company to continue to deliver exceptional insights and value to its clients. We believe that with New Mountain’s support, Datassential will be able to reach new heights and expand its leadership position in the market.”
-Pete Masucci, Managing Director at New Mountain Capital
“We are excited to partner with New Mountain and the talented team at Datassential. Our investment underscores our belief in Datassential’s mission and their potential to continue setting new standards in must-have data for the food and beverage industry.”
-Mike Chinn, Partner at Endicott Capital
