Deal Details
Prince Recapitalizes in Partnership with Authentic
Summary
Prince Sports Inc. (“Prince” or the “Company”), a portfolio company of Nautic Partners, LLC (“Nautic”), has been recapitalized by Authentic Brands Group LLC (“ABG”), a portfolio company of Leonard Green & Partners, L.P ("LGP"). Financial terms of the transaction were not disclosed.
Baird served as the financial advisor to Prince Sports Inc. on this transaction.
About
Founded in 1970 and based in Bordentown, NJ, Prince is one of the world’s premier on-court performance brands in the racquet sports industry. The Company offers tennis and racquetball products under the Prince brand, squash products under the Ektelon brand and platform/paddle tennis products under the Viking brand. Prince offers products in various categories, such as racquets, footwear, strings, tennis balls, grips, sport bags, stringing machines and accessories. The Company markets its products through dealers, retailers and distributors in the United States and internationally.ABG was founded in 2010 and is based in New York City with offices in Toronto and Los Angeles. ABG is an intellectual property corporation that acquires, manages and builds long-term value in prominent consumer brands. They seek to acquire world renowned brands and enhance brand equity through partnering with best-in-class brand licensees.
LGP is a private equity and venture capital firm with over $14 billion in committed capital that invests in a range of industries including retail, consumer discretionary and consumer staple product, distribution, media, business services, financial services and healthcare.
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- Date
- August 2012
- Company
- Prince Sports Inc.
- Transaction
- M&A - Sellside
- Sectors
- Consumer
- Verticals
-
Active Lifestyles, Fitness & Mobility
Outdoor Recreation & Sporting Goods
- Target Geography
- North America
- Acquiror Geography
- North America
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