Datassential, a global food and beverage intelligence platform, secured strategic investment from New Mountain Capital, an investment firm with more than $55 billion in assets under management, and Endicott Capital, an investment firm focused exclusively on the information services sector.
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.
“We are thrilled to join forces with New Mountain Capital and Endicott, firms that share our vision of product innovation and client-centric growth,” Jim Emling, CEO of Datassential, said. “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 has established itself as a leader in the food and beverage insights market, known for its deep expertise, unparalleled data solutions and innovative approach,” Gandhi Bedi, managing director at New Mountain Capital, said. “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.”
“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,” Pete Masucci, managing director at New Mountain Capital, said. “We believe that with New Mountain’s support, Datassential will be able to reach new heights and expand its leadership position in the market.”
“We are excited to partner with New Mountain and the talented team at Datassential,” Mike Chinn, partner at Endicott Capital, said. “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.”
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.
