M&A Deal Summary

Argand Partners and Backcast Partners Acquire Capezio

On April 21, 2025, private equity firms Argand Partners and Backcast Partners acquired apparel/textiles company Capezio

Acquisition Highlights
  • This is Argand Partners’ 2nd and Backcast Partners’ 1st transaction in the Apparel/Textiles sector.
  • This is Argand Partners’ 4th and Backcast Partners’ 8th transaction in the United States.
  • This is Argand Partners’ 1st and Backcast Partners’ 1st transaction in New Jersey.

M&A Deal Summary

Date 2025-04-21
Target Capezio
Sector Apparel/Textiles
Buyer(s) Argand Partners
Backcast Partners
Deal Type Buyout (LBO, MBO, MBI)

Target

Capezio

Totowa, New Jersey, United States
Capezio is a dancewear brand that designs and manufactures premium and highly technical footwear, apparel, and accessories that support dancers and athletes of all ages to practice, compete, and perform. Capezio was formed in 1887 and is headquartered in Totowa, New Jersey.

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Buyer(S) 2

Buyer

Argand Partners

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2015
PE ASSETS 685M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Argand Partners is a value-oriented private equity firm focused on acquiring controlling interests in middle-market industrial businesses that have established market leadership positions and track records of stable cash flows. Argand typically pursues complex situations involving corporate carve-outs of non-core divisions, industries that are out of favor or in transition, middle-market companies grappling with the opportunities and difficulties of global operations, good companies with overleveraged balance sheets, and family-owned businesses transitioning to professional management. Target companies generally have $15 to $50 million of EBITDA. Argand Partners was founded in 2015 and is based in New York City.


DEAL STATS #
Overall 7 of 7
Sector: Apparel/Textiles M&A 2 of 2
Type: Buyout (LBO, MBO, MBI) M&A Deals 2 of 2
State: New Jersey M&A 1 of 1
Country: United States M&A 4 of 4
Year: 2025 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-05-26 Cherry

Auerbach, Germany

Cherry is a manufacturer of computer input devices with a focus on office, gaming, industry, security, e-health solutions, and switches for mechanical keyboards. Cherry was founded in 1953 and is based in Auerbach, Germany.

Buy -
DESCRIPTION

Backcast Partners is a private investment firm focused on providing debt and equity financing solutions to mid-sized companies with $10 to $50 million in revenue. Backcast invests in businesses owned or backed by private equity firms, as well as businesses owned by families, management teams, or others. Investment proceeds are typically used for acquisitions, strategic and growth initiatives, or simply to refinance existing capital structures. Backcast Partners was formed in 2016 and is headquartered in Millburn, New Jersey.


DEAL STATS #
Overall 8 of 8
Sector: Apparel/Textiles M&A 1 of 1
Type: Buyout (LBO, MBO, MBI) M&A Deals 3 of 3
State: New Jersey M&A 1 of 1
Country: United States M&A 8 of 8
Year: 2025 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-02-27 USG Water Solutions

Atlanta, Georgia, United States

USG Water Solutions is a provider of water asset management services for small and medium public water utilities in North America. USG’s offerings include maintenance services for water storage tanks, pipe networks, and concrete structures in water and wastewater plants. USG Water Solutions is based in Atlanta, Georgia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-06-18 USG Water Solutions

Atlanta, Georgia, United States

USG Water Solutions is a provider of water asset management services for small and medium public water utilities in North America. USG’s offerings include maintenance services for water storage tanks, pipe networks, and concrete structures in water and wastewater plants. USG Water Solutions is based in Atlanta, Georgia.

Sell -