Baird's Investment Banking Group is pleased to announce the following transaction:

Date:
January 2021
Company:
Careismatic Brands, Inc.
Description:
Acquired by Partners Group
Sector(s):
Consumer
Baird served as lead financial advisor to Careismatic Brands, Inc. and New Mountain Capital, LLC on this transaction

Careismatic Brands, Inc. (“Careismatic Brands” or “the Company”), a portfolio company of New Mountain Capital, LLC (“New Mountain”), has been acquired by Partners Group, acting on behalf of its clients. Terms of the transaction were not disclosed.

Careismatic Brands is a leading global healthcare and wellness platform that designs, markets and distributes medical apparel, footwear and accessories. Careismatic Brands leverages its sophisticated global supply chain and omni-channel distribution capabilities to serve customers in more than 70 countries. The Company has a deep portfolio of 15 iconic and emerging brands, including Cherokee Uniforms and Dickies Medical, creating an extensive offering across market segments with strong consumer recognition. In addition to innovative medical apparel, Careismatic Brands offers school uniforms, corporate identity solutions, adaptive clothing, medical instruments and accessories and other wellness products. The Company was founded in 1995 and is headquartered in Chatsworth, California.

New Mountain is an investment firm that emphasizes business building and growth, rather than debt, as it pursues long-term capital appreciation. The firm currently manages private equity, public equity and credit funds with more than $30 billion in assets under management. New Mountain seeks out what it believes to be the highest quality growth leaders in carefully selected industry sectors and then works intensively with management to build the value of these companies. New Mountain is headquartered in New York, New York.

Partners Group is a leading global private markets investment manager. Since 1996, Partners Group has invested over $135 billion in private equity, private real estate, private debt and private infrastructure on behalf of its clients globally. Partners Group is a committed, responsible investor and aims to create broad stakeholder impact through its active ownership and development of growing businesses, attractive real estate and essential infrastructure. With over $96 billion in assets under management as of June 30, 2020, Partners Group serves a broad range of institutional investors, sovereign wealth funds, family offices and private individuals globally. Partners Group employs more than 1,500 diverse professionals across 20 offices worldwide and has regional headquarters in Baar-Zug, Switzerland; Denver, the United States; and Singapore.

For additional information about this transaction, please contact:

Brian McDonagh +1-704-553-6611
Matthew Tingler +1-312-609-4470
Andrew Martin +1-704-553-6615
Les Cheek +1-617-426-5789
John Bastian +1-312-609-7067
Boris Partin +44-20-7667-8254