Good morning, dealmakers. MK Flynn here with today’s Wire. Uncertainty is certainly taking a toll on dealmaking, but I’m happy to report that this Monday morning, there are plenty of transactions to cover, with private equity firms and strategic buyers alike making their plays. Mission-critical. New Mountain Capital has agreed to acquire PerkinElmer’s applied, food and enterprise services businesses for up to $2.45 billion in total consideration. Expected to close early next year, the carveout includes the seller’s OneSource lab 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. Supply chain software. Gryphon Investors just announced the San Francisco PE firm has acquired Rootstock Software, a developer of enterprise resource planning software for manufacturing, distribution, and supply chain organizations, for undisclosed terms. Salesforce Ventures and the company’s management team re-invested in the deal alongside Gryphon. Payments. On the strategic front, Global Payments is buying EVO Payments in a deal valued at $4 billion. The transaction will expand Global Payments’ geographic footprint into new geographies, including Poland, Germany, Chile and Greece and add scale to its existing markets in the US, Canada, Mexico, Spain, Ireland the UK. Global Payments expects to finance the acquisition with cash on hand and a committed bank facility. Silver Lake will make a strategic investment of $1.5 billion in Global Payments in the form of a convertible note. Motor oil. Valvoline has agreed to sell its auto lubricants products business to Saudi Arabia’s Aramco for $2.65 billion in cash while retaining most of its quick-lube services business. Last year, Valvoline said it planned to separate the two. Included in the deal is a long-term supply agreement in which Valvoline will buy motor oil from the products business. Valuation reality check. “Private equity performance has held relatively steady compared with the pain in the public markets so far this year,” writes Buyouts’ Chris Witkowsky. “That may start changing over the new few weeks.” As Chris says, “All eyes are on second quarter valuation marks, which will start publishing in mid-to-late August.” Interest rate impact. How are you handling these uncertain times? I’d love to hear your experiences and insights. I’m especially interested in: How are rising interest rates affecting your deals and your outlook for M&A? Send your thoughts to me at mk.flynn@peimedia.com. I’ll be back on the Wire tomorrow with more. Until then, all the best, MK Read the full wire commentary on PE Hub ... | 