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New owner for Ascensus

New York-based private investment New Mountain Capital has acquired Ascensus Specialties from its previous majority owner, Wind Point Partners. Terms were not disclosed. Wind Point will continue to invest in the company through a special purpose vehicle raised in association with the transaction.

Mitsubishi Chemical buys Gelest

The US subsidiary of Mitsubishi Chemical (MCC) has entered into a definitive agreement to acquire Gelest from private equity firm New Mountain Capital, which had owned the firm since 2017. The deal should be completed within 2020, subject to regulatory review and approval. Terms were not disclosed.

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