M&A Deal Summary

TZP Group Acquires Kindred Bravely

On April 12, 2021, private equity firm TZP Group acquired apparel/textiles company Kindred Bravely

Acquisition Highlights
  • This is TZP Group’s 7th transaction in the Apparel/Textiles sector.
  • This is TZP Group’s 34th transaction in the United States.
  • This is TZP Group’s 5th transaction in California.

M&A Deal Summary
Date 2021-04-12
Target Kindred Bravely
Sector Apparel/Textiles
Buyer(s) TZP Group
Deal Type Buyout (LBO, MBO, MBI)

Target

Kindred Bravely

Oceanside, California, United States
Kindred Bravely is a provider of maternity and nursing basics apparel. Kindred Bravely is a digitally-native, direct-to-consumer brand focused on basics apparel for pregnant and nursing mothers. The Company's products span multiple categories, including bras, loungewear, underwear, and sleepwear, amongst others.

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Buyer(S) 1

Buyer

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 37 of 45
Sector (Apparel/Textiles) 7 of 7
Type (Buyout (LBO, MBO, MBI)) 6 of 7
State (California) 5 of 6
Country (United States) 34 of 42
Year (2021) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-19 This Old House Ventures

Stamford, Connecticut, United States

This Old House Ventures is a multi-platform home improvement brand that offers homeowners trusted information and expert advice through two highly rated and award-winning television series, one of the category’s major and fastest-growing online destinations, a highly regarded magazine and comprehensive line of books, as well as capabilities that include custom video production, digital marketing, brand licensing, live events and custom publishing. This Old House Ventures was established in 1979 and is based in Stamford, Connecticut.

Sell $98M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-22 Itzy Ritzy

Naperville, Illinois, United States

Itzy Ritzy is a modern juvenile and lifestyle brand that offers a diverse portfolio of products that span multiple categories including diaper bags, toys, pacifiers, teethers, and other must-have baby related products. Itzy Ritzy has fostered an inclusive, engaged community of parents who frequently share advice and support one another in their parenting journey. Itzy Ritzy was formed in 2007 and is based in Naperville, Illinois.

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