Investment Summary

Steelpoint Capital Partners Exits SKLZ

On August 1, 2018, Implus invested in apparel/textiles company SKLZ from Steelpoint Capital Partners

Investment Highlights
  • This is Implus’ 7th transaction in the Apparel/Textiles sector.
  • This is Implus’ 15th transaction in the United States.
  • This is Implus’ 2nd transaction in California.

Investment Summary

Date 2018-08-01
Target SKLZ
Sector Apparel/Textiles
Investor(s) Implus
Sellers(s) Steelpoint Capital Partners
Deal Type Add-on Acquisition

Target

SKLZ

Carlsbad, California, United States
Pro Performance Sports LLC is a developer and marketer of sports and athletic performance training products. Pro Performance Sports was founded in 2001 and is based in Carlsbad, California.

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Investor(S) 1

Investor

Implus

Durham, North Carolina, United States

Category Company
Founded 1988
Sector Apparel/Textiles
DESCRIPTION

Implus designs, markets and distributes insoles, foot care devices, traction devices, socks, shoe care products and shoe laces under four primary brand names (Sof Sole, AirPlus, Sof Comfort, Yaktrax and Sneakerballs) and several private-label brands. Implus was founded in 1988 and is based in Durham, North Carolina.


DEAL STATS #
Overall 16 of 17
Sector: Apparel/Textiles M&A 7 of 7
Type: Add-on Acquisition M&A Deals 15 of 16
State: California M&A 2 of 3
Country: United States M&A 15 of 16
Year: 2018 M&A 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-04-30 STABIL

Biddeford, Michigan, United States

32 North Corp. is a manufacturer of traction footwear. 32 North is based in Biddeford, Michigan.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-02 RockTape

Campbell, California, United States

RockTape, Inc. is a provider of kinesiology tape, medical education and other health and wellness products. RockTape, Inc. was founded in 2010 and is based in Campbell, California.

Buy -

Seller(S) 1

DESCRIPTION

Steelpoint Capital Partners was a private investment firm focused on investing in emerging consumer companies. Steelpoint is an active investor and pursues opportunities where it can provide guidance and expertise. Specific areas of interest include apparel, sporting goods, nutrition, and recreation. Steelpoint Capital Partners was formed in 2003 and is based in Carlsbad, California.


DEAL STATS #
Overall 16 of 18
Sector: Apparel/Textiles M&A 2 of 2
Type: Add-on Acquisition M&A Deals 11 of 12
State: California M&A 10 of 12
Country: United States M&A 15 of 17
Year: 2018 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-06-07 GreatCall

San Diego, California, United States

GreatCall, Inc. is a provider of connected health and personal emergency response services (PERS) for active aging, serving over 800,000 subscribers across the United States. GreatCall's product offering includes senior-friendly hardware combined with one-touch connectivity to trained agents who can answer questions, dispatch emergency personnel, connect to family caregivers and provide additional concierge services. GreatCall is headquartered in San Diego, California.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-02-08 Hookit

San Diego, California, United States

Hookit is a developer of a digital platform that supports and connects athletes and brands by enabling the marketing and eCommerce relationships between them. Hookit was founded in 2001 and is based in San Diego, California.

Sell -