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Partners Group Buys Careismatic Brands for $1.3 Billion


Partners Group Buys Careismatic Brands for $1.3 Billion
This content was published on January 7, 2021 - 13:27
January 7, 2021 - 13:27
(Bloomberg) 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.
Partners Group, with more than $96 billion in assets, has been pursuing deals in niche segments of the health-care industry. Recent acquisitions include vision-services provider EyeCare Partners and Wedgewood Pharmacy, which provides specialty medications for animals. In August, Partners Group agreed to sell its m ....

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2021: And Now For Something Completely Different


(Image: Shutterstock)
2021: Now for Something Completely Different
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finews.com s absurdly unconventional predictions have anything to do with it.
1. Doppelganger for UBS CEO Rumbled
The Swiss bank deploys a decoy for 
Ralph Hamers, Chairman 
Axel Weber admits at an impromptu press conference after initially denying rumors. UBS had wanted to ease the burden on the new CEO, who faces a potential criminal probe over money laundering allegations in his native Holland.
«The double was only meant for representative purposes, like the traditional January meeting with the Swiss government,» Weber said. Finma had vetted the doppelganger as «fit and proper». The decoy s cover was blown when he was found wandering aimlessly through the halls of Credit Suisse s headquarters – he had been looking for Hamers, but on the wrong side of Paradeplatz. ....

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