Investment Summary

Krystal Growth Partners, Brentwood Associates and TZP Group Invest In SAXX Underwear

On April 1, 2010, private equity firms Krystal Growth Partners, Brentwood Associates and TZP Group invested in apparel/textiles company SAXX Underwear

Investment Highlights
  • This is Krystal Growth Partners’ 1st, Brentwood Associates’ 3rd and TZP Group’s 1st transaction in the Apparel/Textiles sector.
  • This is Krystal Growth Partners’ 3rd, Brentwood Associates’ 2nd and TZP Group’s 1st transaction in Canada.
  • This is Krystal Growth Partners’ 3rd, Brentwood Associates’ 1st and TZP Group’s 1st transaction in British Columbia.

Investment Summary

Date 2010-04-01
Target SAXX Underwear
Sector Apparel/Textiles
Investor(s) Krystal Growth Partners
Brentwood Associates
TZP Group
Deal Type Growth Capital
Advisor(s) Lazard Middle Market (Financial)
DLA Piper (Legal)

Target

SAXX Underwear

Vancouver, British Columbia, Canada
SAXX Underwear designs and sells comfortable, premium, high-performance men’s apparel tailored to support an active lifestyle. SAXX’s products are made from the highest quality functional fabrics to address the specific needs of each customer, ranging from everyday lifestyle pieces to high-performance gear. SAXX Underwear was founded in 2006 and is based in Vancouver, British Columbia.

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Investor(S) 3

DESCRIPTION

Krystal Growth Partners is a generalist private investment firm focused on acquiring or investing in lower middle-market companies throughout British Columbia. The Firm seeks profitable businesses with $10 to $100 million in revenue where ownership is looking to exit or for a growth-oriented partner. Krystal Growth Partners was originally established in 2004 and is headquartered in Vancouver.


DEAL STATS #
Overall 3 of 13
Sector (Apparel/Textiles) 1 of 2
Type (Growth Capital) 1 of 4
State (British Columbia) 3 of 12
Country (Canada) 3 of 12
Year (2010) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-04-01 a52 Warehouse

Surrey, British Columbia, Canada

a52 Warehouse provides its customers with the ability to integrate with multiple platforms, from ERPs to Web-stores, empowering them to reach any end-consumer whether through bricks and mortar retail locations, or straight to the front door of every household across Canada. a52 Warehouse was founded in 2001 and is based in Surrey, British Columbia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-05-02 Magnum

Abbotsford, British Columbia, Canada

Magnum is manufacturing builds standard and custom trailers for forestry, highway, marine terminal, live animal haul, Oil & Gas. Magnum was founded in 1984 and is based in Abbotsford, British columbia.

Buy -
Investor

Brentwood Associates

Los Angeles, California, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1972
PE ASSETS 2.4B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Brentwood Associates is a private equity firm focused on long-term investments in middle-market growth companies. Brentwood typically targets investments in consumer-related businesses. Specific areas of interest include action sports/outdoor lifestyle products, business services, consumer products/services, direct marketing, distribution, education, health/wellness, marketing services, specialty media, specialty retail, and sporting goods. Brentwood's preferred equity investment size is $50 to $200 million. Brentwood Associates was formed in 1972 and is based in Los Angeles.


DEAL STATS #
Overall 17 of 48
Sector (Apparel/Textiles) 3 of 4
Type (Growth Capital) 2 of 14
State (British Columbia) 1 of 1
Country (Canada) 2 of 2
Year (2010) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-11-13 Zoe s Kitchen

Plano, Texas, United States

Zoe's Kitchen is a fast-casual restaurant chain in the US that offers a Mediterranean-inspired menu with fresh, wholesome ingredients. The menu includes a variety of dishes such as pita sandwiches, salads, bowls, and kabobs, as well as vegetarian and gluten-free options. Zoe's Kitchen also offers catering services for events and gatherings. Zoe's Kitchen was founded in 1995 and is based in Plano, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-07-12 Chamilia

Cranston, Rhode Island, United States

Chamilia is a designer, manufacturer, and marketer of high quality, personalized jewelry with a globally recognized brand. The company’s core product offering includes bracelets, necklaces, and earrings that can be customized to meet the tastes of individual consumers with over 600 interchangeable products. Chamilia’s high-quality jewelry is made of 14k gold, sterling silver, Swarovski® crystals, Italian Murano glass, and colored stones.

Buy -
Investor

TZP Group

New York, New York, United States

Investor Investor Investor Investor Investor


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 4 of 46
Sector (Apparel/Textiles) 1 of 7
Type (Growth Capital) 3 of 19
State (British Columbia) 1 of 1
Country (Canada) 1 of 2
Year (2010) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2009-12-30 Re-Bath

Phoenix, Arizona, United States

Re-Bath is a complete bathroom remodeling franchise located in more than 150 cities across the country. The Company offers complete bathroom remodels, tub and shower updates, plus aging and accessibility solutions. From simple bathtub replacements to full bathroom redesigns, Re-Bath makes bathroom remodeling effortless, convenient and affordable, all with professional, friendly installation by factory-trained installers. Re-Bath was founded in 1978 and is based in Phoenix, Arizona.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-12-08 Neighborly

Waco, Texas, United States

Neighborly is a home services franchisor of 25 service brands (including Neighborly umbrella service brand) and more than 4,000 franchise owners serving 10 million+ customers in nine countries, focused on repairing, maintaining and enhancing homes and businesses. Neighborly was founded in 1981 and is based in Waco, Texas.

Buy $150M