Partners Group and Avista Capital Partners Sell Strategic Partners
Ropes & Gray advised Partners Group and Avista Capital Partners on the sale of Strategic Partners, Inc., a leading U.S. provider of medical scrubs and other uniforms, to investment firm New Mountain Capital. Partners Group and Avista had invested alongside management to acquire California-based Strategic Partners in August 2012.
Financial terms of the sale, announced July 7, were not disclosed.
The Ropes & Gray team advising Partners Group and Avista included private equity partner David Blittner, tax partner Leo Arnaboldi, and executive compensation & employee benefits partner Alexandra Alperovich.