Private equity company New Mountain Capital Group LLC made an investment in W2O Group, which provides analytics-driven, digital-first marketing communications to the healthcare sector.

The transaction, terms of which were not disclosed, is expected to close in the first half of W2O's fiscal year 2019, subject to customary approvals and closing conditions.

As a result of the deal, W2O's current investment partner, private equity firm Mountaingate Capital Management LP, is exiting the company.

CG Petsky Prunier and Houlihan Lokey acted as financial advisers to W2O and Mountaingate Capital.