M&A Deal Summary

Avista Healthcare Partners and Partners Group AG Acquire Careismatic Brands

On September 6, 2012, private equity firm Avista Healthcare Partners and asset manager Partners Group AG acquired apparel/textiles company Careismatic Brands from Ridgemont Equity Partners

Acquisition Highlights
  • This is Avista Healthcare Partners’ 1st and Partners Group AG’s 2nd transaction in the Apparel/Textiles sector.
  • This is Avista Healthcare Partners’ 23rd and Partners Group AG’s 4th transaction in the United States.
  • This is Avista Healthcare Partners’ 2nd and Partners Group AG’s 1st transaction in California.
Investment Fate
  • Careismatic Brands was sold to a consortium of financial buyers in 2016.
  • Careismatic Brands was sold to a consortium of financial buyers in 2021.

M&A Deal Summary

Date 2012-09-06
Target Careismatic Brands
Sector Apparel/Textiles
Buyer(s) Avista Healthcare Partners
Partners Group AG
Sellers(s) Ridgemont Equity Partners
Deal Type Secondary Buyout

Target

Careismatic Brands

Chatsworth, California, United States
Careismatic Brands is a designer, marketer, and distributor of high-quality uniforms, footwear and accessories to retailers. The company manufactures products through multiple brands. Careismatic Brands was founded in 1995 and is based in Chatsworth, California.

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Buyer(S) 2

Buyer

Avista Healthcare Partners

New York, New York, United States

Category Private Equity Firm
Founded 2005
PE ASSETS 8.0B USD
Size Mega
Type Sector Focused
DESCRIPTION

Avista Capital Partners is a private investment firm formed by a group of professionals with roots from DLJ Merchant Banking Partners. Avista makes controlling and minority investments in US based energy, healthcare, and media companies with revenues greater than $25 million. Typical transactions include leverage buyouts, build-ups, and growth capital financings. Avista Capital was formed in 2005 and is based in New York City with an additional office in Houston, Texas.


DEAL STATS #
Overall 28 of 54
Sector (Apparel/Textiles) 1 of 1
Type (Secondary Buyout) 7 of 19
State (California) 2 of 6
Country (United States) 23 of 43
Year (2012) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-08-03 InvestorPlace Media

Rockville, Maryland, United States

InvestorPlace Media is the leading provider of subscription-based investment advisory services to the individual investor.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-11-30 Anthony

Sylmar, California, United States

Anthony, Inc. is a manufacturer of specialty glass, commercial glass refrigerator and freezer doors, case lighting, and display and merchandising systems. Anthony operates globally with locations in the U.S., Italy, China and South Africa.

Sell $602M
DESCRIPTION

Partners Group is a global investment management firm with a variety of funds and institutional clients. The Firm's direct investment group looks to invest in or acquire market leading companies with growth opportunities linked to technology. Partners is a hands-on investor and looks to actively support its portfolio companies with expansion, operational, and governance structure support. Partners Group was established in 1996 and is headquartered in Zug, Switzerland.


DEAL STATS #
Overall 13 of 88
Sector (Apparel/Textiles) 2 of 4
Type (Secondary Buyout) 7 of 52
State (California) 1 of 3
Country (United States) 4 of 33
Year (2012) 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-07-12 Velocity Technology Solutions

Charlotte, North Carolina, United States

Velocity Technology Solutions, Inc. is a provider of enterprise software hosting and systems integration services to mid-market businesses and government entities. Velocity Technology Solutions was founded in 2003 and is based in Charlotte, North Carolina.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-02-28 Softonic

Barcelona, Spain

Softonic is a multiplatform software guide that allows users to explore, download and manage software applications on multiple devices in more than ten different languages. Softonic was formed in 1997 and is based in Barcelona. Spain.

Buy -

Seller(S) 1

SELLER

Ridgemont Equity Partners

Charlotte, North Carolina, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1993
PE ASSETS 7.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Ridgemont Equity Partners is an independent private equity firm specializing in middle-market buy-outs, corporate divestitures, recapitalizations and growth capital investments. The Firm targets to invest in companies located in North America, preferably in US and Canada. REP looks to invest up to $500 million in companies with EBIDTA of $5 - $50 million. The Firm seeks to hold both majority and minority equity interest in portfolio companies. Specific areas of interest include basin industries and services, energy, healthcare, telecommunications, media and technology. Ridgemont Equity Partners is a spun-off of Banc of America Capital Investors (BACI). Ridgemont Equity Partners was formed in August 2010 and is based in Charlotte, North Carolina.


DEAL STATS #
Overall 55 of 91
Sector (Apparel/Textiles) 1 of 1
Type (Secondary Buyout) 11 of 24
State (California) 4 of 5
Country (United States) 47 of 80
Year (2012) 4 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-06-12 AccessMD Urgent Care

Clayton, Ohio, United States

AccessMD Urgent Care is an urgent care provider in the Midwest with clinics in Dayton, Cincinnati, Columbus, Northern Ohio, and Michigan. Experienced physicians and staff provide the compassion and quality care patients deserve to start feeling better fast. AccessMD is a full-service urgent care center with on-site X-rays, labs, EKGs and prescriptions. Comprehensive care includes treatment for all minor illnesses, such as colds, the flu, coughs, infections, sports and work injuries, minor fractures, lacerations, minor burns, and many other non-life-threatening illnesses. AccessMD Urgent Care was formed in 1996 and is based in Clayton, Ohio.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-11-27 FleetPride

Irving, Texas, United States

FleetPride is an independent distributor of aftermarket heavy-duty truck and trailer parts in the United States. FleetPride was founded in 1975 and is based in Irving, Texas.

Sell $1.0B