Charlesbank Capital Partners LLC has bought promotion gift products distributor Polyconcept from Investcorp and 3i Group. Financial terms were not disclosed.

Polyconcept supplies promotional gifts, such as bags and shirts, mostly to businesses. The Pittsburgh-based target, founded in 1973, has more than 35,000 customers across the U.S. and Europe. In a recent similar deal, Audax Private Equity purchased Halo Branded Solutions.

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