Partners Group and US private equity firm Avista Capital Partners have sold Strategic Partners, a provider of medical scrubs and other uniforms, to private equity firm New Mountain Capital.
The financial terms of the transaction were not disclosed but a person with knowledge of the deal said the sale price was in the region of $600 to $700 million.
“It has been a pleasure working with Strategic Partners’ management team and we are proud of the growth the company has achieved since our investment in 2012. Through its development of state-of-the-art products and technologies, and its focus on providing uncompromising quality at competitive prices, Strategic Partners has further enhanced its value proposition and cemented its position as the clear market leader in its field,” David Layton, partner and co-head of private equity at Partners Group said.
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