Deals
Partners Group Buys Careismatic Brands for $1.3 Billion
- Swiss buyout firm acquiring company from New Mountain Capital
- Careismatic Brands makes and sells uniforms in 70 countries
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Partners Group Holding AG bought medical-apparel company Careismatic Brands for about $1.3 billion including debt, according to a person with knowledge of the matter, in the private equity firm’s latest health-care deal.
The Swiss company purchased Careismatic from private equity shop New Mountain Capital, according to a statement Thursday that didn’t disclose terms of the transaction. Partners Group plans to bolster Careismatic’s growth by introducing new products and digitizing sales and marketing.