M&A Deal Summary

TZP Group Acquires Christy Sports

On December 2, 2019, private equity firm TZP Group acquired retailer Christy Sports from Norwest Equity Partners

Acquisition Highlights
  • This is TZP Group’s 1st transaction in the Retail sector.
  • This is TZP Group’s 28th transaction in the United States.
  • This is TZP Group’s 2nd transaction in Colorado.

M&A Deal Summary

Date 2019-12-02
Target Christy Sports
Sector Retail
Buyer(s) TZP Group
Sellers(s) Norwest Equity Partners
Deal Type Secondary Buyout
Advisor(s) William Blair (Financial)
Winston & Strawn (Legal)

Target

Christy Sports

Lakewood, Colorado, United States
website
Christy Sports is a specialty retailer of ski and snowboard equipment, apparel, accessories, and related custom fitting, mounting, tuning, and repair services in the Rocky Mountain region. Christy Sports was founded in 1958 and is based in Lakewood, Colorado.

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Buyer(S) 1

Buyer

TZP Group

New York, New York, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 2007
PE ASSETS 1.6B USD
Size Large
Type Sector Agnostic
DESCRIPTION

TZP Group is a private equity firm focused on the business and consumer services sectors. Specific areas of interest include franchising, outsourced business, and IT services, marketing and media services, travel content and distribution, real estate services, specialty finance, and consumer health services. TZP looks to invest $10 to $130 million in for minority or minority positions in profitable companies with at least $10 million in revenue. TZP Group was formed in 2007 and is based in New York City.


DEAL STATS #
Overall 31 of 45
Sector (Retail) 1 of 3
Type (Secondary Buyout) 8 of 9
State (Colorado) 2 of 4
Country (United States) 28 of 42
Year (2019) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-11-26 Knix

Toronto, Ontario, Canada

Knix is a direct-to-consumer intimate apparel brand that is re-inventing intimates for real life. Knix was founded in 2012 and is based in Toronto, Ontario.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-02-13 Media Storm

New York, New York, United States

Media Storm is a data-driven marketing agency that has created an integrated solution of identifying and converting hand-raisers and driving greater ROI through accountable and active media. Media Storm data science and optimization platform, JubaPlus, has replaced traditional planning, allowing for unmatched predictability and true business results.

Sell -

Seller(S) 1

SELLER

Norwest Equity Partners

Minneapolis, Minnesota, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1961
PE ASSETS 7.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Norwest Equity Partners (NEP) is a private equity firm focused on investing in growing and profitable middle-market companies. NEP targets investments in businesses valued between $50 and $500 million, typically investing $50 to $250 million of capital per investment. Funds are typically used to fund management buyouts, recapitalizations, and growth financing. Sectors of interest include manufacturing, distribution, healthcare, technology/business services, and consumer products/services. NEP is affiliated with Norwest Mezzanine Partners, an investment partnership focused on providing junior capital to middle-market companies. Norwest Equity Partners is based in Minneapolis, Minnesota.


DEAL STATS #
Overall 41 of 50
Sector (Retail) 2 of 3
Type (Secondary Buyout) 18 of 23
State (Colorado) 1 of 1
Country (United States) 40 of 49
Year (2019) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-09-17 GoHealth

Chicago, Illinois, United States

GoHealth is a health insurance marketplace whose mission is to improve access to healthcare in America. The Company's technology platform leverages modern machine-learning algorithms powered by nearly two decades of insurance behavioral data to reimagine the optimal process for helping individuals find the best health insurance plan for their specific needs. GoHealth was founded in 2001 and is based in Chicago, Illinois.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-12-16 Clover Imaging Group

Hoffman Estates, Illinois, United States

Clover Imaging Group is a designer, manufacturer, and distributor of compatible consumable imaging supplies including laser toner cartridges, inkjet cartridges, laser fax cartridges, copier toner cartridges, printer ribbons, thermal transfer fax ribbons, and other consumable imaging supplies. Clover Imaging Group was established in 1996 and is based in Hoffman Estates, Illinois.

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