Investment Summary

Acton Capital and TZP Group Invest In Knix

On November 26, 2019, venture capital firm Acton Capital and private equity firm TZP Group invested in apparel/textiles company Knix

Investment Highlights
  • This is Acton Capital’s 3rd and TZP Group’s 5th transaction in the Apparel/Textiles sector.
  • This is Acton Capital’s 5th and TZP Group’s 2nd transaction in Canada.
  • This is Acton Capital’s 2nd and TZP Group’s 1st transaction in Ontario.
Investment Fate
  • Knix was sold to a strategic buyer in 2022 for 320M USD.

Investment Summary

Date 2019-11-26
Target Knix
Sector Apparel/Textiles
Investor(s) Acton Capital
TZP Group
Deal Type Venture

Target

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.

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Investor(S) 2

Investor

Acton Capital

Investor Investor Investor Investor Investor


Category Venture Capital Firm
Founded 1999
PE ASSETS 600M EUR
Size Middle-Market
Type Sector Focused
DESCRIPTION

Acton Capital is a late-stage venture capital firm focused on investing in web-based companies benefiting from the 'digital revolution'. The Firm has a special interest in companies and sectors benefiting from the transition to online activity and will consider opportunities across Europe and North America. Acton Capital Partners was formed in 1999 and is headquartered in Munich, Germany.


DEAL STATS #
Overall 35 of 39
Sector: Apparel/Textiles M&A 3 of 3
Type: Venture M&A Deals 27 of 31
State: Ontario M&A 2 of 2
Country: Canada M&A 5 of 5
Year: 2019 M&A 4 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-09-18 Maple

Toronto, Ontario, Canada

Maple is a technology platform that tackles some of the world’s most meaningful issues in healthcare, starting with timely and convenient access to doctors and other healthcare providers. Maple allows patients to connect directly with doctors for medical care in minutes from their smartphone or computer 24/7, and also provides custom technology solutions for hospitals and clinics seeking to advance their delivery of care. Maple was founded in 2015 and is based in Toronto, Ontario.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-12-03 ArtNight

Berlin, Germany

ArtNight is a curated platform that hosts creative workshops in nearly 100 cities throughout Germany, Benelux, and the UK. ArtNight recruits and trains event hosts on branded formats and sells tickets via its international platform to a local clientele. Developing new verticals like ShakeNight, BakeNight, or PlantNight, the startup is creating a growing portfolio of international experience brands. Providing both entertainment and education, ArtNight’s mission is to bring people back together in real life. ArtNight was founded in 2016 and is based in Berlin, Germany.

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Investor

TZP Group

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2007
PE ASSETS 2.0B 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, New York.


DEAL STATS #
Overall 30 of 51
Sector: Apparel/Textiles M&A 5 of 7
Type: Venture M&A Deals 1 of 2
State: Ontario M&A 1 of 1
Country: Canada M&A 2 of 2
Year: 2019 M&A 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-11-11 Del Mar Recovery Solutions

Carlsbad, California, United States

Del Mar Recovery Solutions, Inc. is a provider of a comprehensive range of automotive asset recovery and repossession management services to automotive lenders including banks, credit unions, title lenders, captive lenders, and specialty finance companies. Del Mar Recovery Solutions was established in 2011 and is based in Carlsbad, California.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-12-02 Christy Sports

Lakewood, Colorado, United States

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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