Press Releases
Partners Group provides mezzanine financing to Harrington Group on behalf of its clients
Baar-Zug, 10 November 2010
Partners Group, the global private markets investment manager, provided mezzanine financing to US based Harrington Group Inc. on behalf of its clients. Harrington Group is a leading mail-order, direct-to-home provider of specialty medical products and offers chronic disease patients more than 30'000 different articles. Harrington Group operates six distribution centers strategically located across the United States and has one of the broadest and deepest home delivery offerings. Building on its scalable, nationwide distribution platform with strong, IT-driven customer services capabilities, Harrington Group has been consistently growing its customer base since 2005.
This opportunity was sourced through Partners Group's extensive proprietary network and supports the acquisition of Harrington Group by private equity investor Clayton, Dubilier & Rice.
Marcel Erni, founding Partner and Chief Investment Officer of Partners Group, comments: "Harrington Group is an attractive investment opportunity for our clients. We believe the company, with its experienced management team and attractive product and service offerings, is uniquely positioned for further growth and development in the growing chronic disease market segments."