TZP

D.A. Davidson Acts as Financial Advisor to Head Rush Technologies, a Pike Street Capital Portfolio Company, on Its Sale to TZP Group

Retrieved on: 
Monday, January 22, 2024

Davidson & Co. announced today that it served as the exclusive financial advisor to Head Rush Technologies (“Head Rush”) and its Private Equity Sponsor, Pike Street Capital, in the sale of Head Rush to TZP Group.

Key Points: 
  • Davidson & Co. announced today that it served as the exclusive financial advisor to Head Rush Technologies (“Head Rush”) and its Private Equity Sponsor, Pike Street Capital, in the sale of Head Rush to TZP Group.
  • Head Rush products leverage a patented magnetic braking system which provides for increased safety, lower cost of ownership, and enhanced user experience compared to competing braking systems.
  • Davidson & Co. announced today that it served as the exclusive financial advisor to Head Rush Technologies (“Head Rush”) and its Private Equity Sponsor, Pike Street Capital, in the sale of Head Rush to TZP Group.
  • Davidson team throughout the process, as they proved themselves essential in helping us find a knowledgeable and experienced partner in TZP,” said Head Rush CEO, Lea Ann Zuellig.

TZP Group Leads Majority Recapitalization of Head Rush Technologies

Retrieved on: 
Tuesday, January 16, 2024

NEW YORK, Jan. 16, 2024 /PRNewswire/ -- TZP Group ("TZP"), a multi-strategy private equity firm, announced today that it has led the majority recapitalization of Head Rush Technologies ("Head Rush," "HRT," or the "Company"), a global provider of adventure safety equipment and support services, in partnership with management and existing shareholders.

Key Points: 
  • NEW YORK, Jan. 16, 2024 /PRNewswire/ -- TZP Group ("TZP"), a multi-strategy private equity firm, announced today that it has led the majority recapitalization of Head Rush Technologies ("Head Rush," "HRT," or the "Company"), a global provider of adventure safety equipment and support services, in partnership with management and existing shareholders.
  • HRT products leverage a patented magnetic braking system which provides for increased safety, lower cost of ownership, and enhanced user experience compared to competing braking systems.
  • The Company sells devices in more than 70 countries and provides service support and replacement parts to ensure continuous, reliable operation of equipment.
  • "We are thrilled to partner with TZP for our next chapter of growth as TZP has significant experience across technical products and B2B services, and know our end markets well," said Head Rush CEO, Lea Ann Zuellig.

Dresner Partners Advised Bedding Industries of America on Its Merger With Saatva

Retrieved on: 
Friday, November 17, 2023

TZP Group, a multi-strategy private equity firm managing approximately $2 billion across its family of funds, will maintain its investment in Saatva.

Key Points: 
  • TZP Group, a multi-strategy private equity firm managing approximately $2 billion across its family of funds, will maintain its investment in Saatva.
  • Bedding Industries of America is one of the world’s leading mattress companies, manufacturing brands that go back to 1866.
  • Bedding Industries of America has been Saatva’s flagship manufacturing partner since Saatva’s inception in 2010.
  • Commenting on the merger, the management team of Bedding Industries of America said, “We would like to thank Dresner Partners for providing excellent service and helping guide us through this multifaceted process.

SAXX Introduces Tom Berry as New Chief Executive Officer

Retrieved on: 
Tuesday, December 5, 2023

VANCOUVER, BC, Dec. 5, 2023 /PRNewswire/ -- SAXX today announced the appointment of Tom Berry as Chief Executive Officer. Berry will succeed Wendy Bennison, who will remain in the business to facilitate a transition period before joining the SAXX board of directors in April 2024.

Key Points: 
  • VANCOUVER, BC, Dec. 5, 2023 /PRNewswire/ -- SAXX today announced the appointment of Tom Berry as Chief Executive Officer.
  • Berry will succeed Wendy Bennison, who will remain in the business to facilitate a transition period before joining the SAXX board of directors in April 2024.
  • Berry succeeds Bennison, who will continue to serve as a SAXX board member moving forward.
  • "I am thrilled that Tom is joining us to lead the next chapter in this incredible brand story."

TZP Growth Equity Leads Series A Round in Finzly

Retrieved on: 
Thursday, October 19, 2023

NEW YORK, Oct. 19, 2023 /PRNewswire/ -- TZP Growth Equity, a fund within the broader TZP Group ("TZP"), a multi-strategy private equity firm, announced today its investment in Finzly, Inc. ("Finzly" or the "Company"), a provider of modular banking and payments technology infrastructure for financial institutions.

Key Points: 
  • NEW YORK, Oct. 19, 2023 /PRNewswire/ -- TZP Growth Equity, a fund within the broader TZP Group ("TZP"), a multi-strategy private equity firm, announced today its investment in Finzly, Inc. ("Finzly" or the "Company"), a provider of modular banking and payments technology infrastructure for financial institutions.
  • Founded by Booshan Rengachari in 2012 and headquartered in Charlotte, North Carolina, Finzly empowers banks, fintechs, and businesses to rapidly adapt to changing market demands.
  • "We are investing in Finzly due to its innovative approach to creating flexible payments and banking solutions.
  • The Finzly team is very excited to partner with TZP Group for this next chapter in the company's journey."

Finzly Closes Series A Funding Round of $10M, led by TZP Growth Equity

Retrieved on: 
Thursday, October 19, 2023

CHARLOTTE, N.C., Oct. 19, 2023 /PRNewswire-PRWeb/ -- Finzly, a provider of cutting-edge payments infrastructure for financial institutions, announced today that it has closed a Series A funding round of $10M with TZP Growth Equity. The funding will be used to accelerate Finzly's expansion as it continues to meet the growing needs of financial institutions for digital transformation.

Key Points: 
  • CHARLOTTE, N.C., Oct. 19, 2023 /PRNewswire-PRWeb/ -- Finzly, a provider of cutting-edge payments infrastructure for financial institutions, announced today that it has closed a Series A funding round of $10M with TZP Growth Equity.
  • The funding will be used to accelerate Finzly's expansion as it continues to meet the growing needs of financial institutions for digital transformation.
  • Finzly was the first to offer an API connection to FedNow, the new instant payment service introduced this year by the Federal Reserve.
  • Finzly is well-positioned to drive significant advancements in how banking and financial services operate and will become a category-defining company."

Ares Management Corporation Announces U.S. Direct Lending Origination Activity for the First Quarter and Last Twelve Months 2023

Retrieved on: 
Friday, April 28, 2023

Ares served as the agent, lead arranger and bookrunner for a senior secured credit facility to support Banyan’s growth plans.

Key Points: 
  • Ares served as the agent, lead arranger and bookrunner for a senior secured credit facility to support Banyan’s growth plans.
  • Ares served as the administrative agent for a senior secured credit facility to support LightBay Capital’s continued growth plans for Burton.
  • Ares served as the joint lead arranger and joint bookrunner for a senior secured credit facility to support Thoma Bravo’s take-private acquisition of Coupa Software.
  • Ares served as the administrative agent for a senior secured credit facility to support an acquisition for Evolent Health.

TZP Group Partners with Soccer Post

Retrieved on: 
Tuesday, November 22, 2022

NEW YORK, Nov. 21, 2022 /PRNewswire/ -- TZP Group ("TZP"), a multi-strategy private equity firm, announced today its investment in Soccer Post Holdings, LLC ("Soccer Post" or the "Company"), the largest local-market-focused omni-channel soccer specialty retailer in the United States. Soccer Post's mission is to provide an authentic soccer retail experience to local soccer families in every market it serves. TZP's partnership will help Soccer Post accelerate expansion into new markets and communities. 

Key Points: 
  • NEW YORK, Nov. 21, 2022 /PRNewswire/ --TZP Group ("TZP"), a multi-strategy private equity firm, announced today its investment in Soccer Post Holdings, LLC ("Soccer Post" or the "Company"),the largest local-market-focused omni-channel soccer specialty retailerin the United States.
  • Soccer Post's mission is to provide an authentic soccer retail experience to local soccer families in every market it serves.
  • Their experience in activewear and lifestyle companies, their operating expertise with disruptive business models, and their commitment to our shared vision made TZP a perfect fit for Soccer Post" said Blake Sonnek-Schmelz, Chief Executive Officer of Soccer Post.
  • "Alex Morgan, Soccer Post investor and future Soccer Post store owner added "Growing up, I loved visits to local soccer shops.

TZP Group's Growth Equity Portfolio Company, Knix Wear, Sells to Essity AB

Retrieved on: 
Monday, July 11, 2022

NEW YORK, July 11, 2022 /PRNewswire/ -- TZP Group LLC ("TZP") today announced the full realization of its investment in Knix Wear, Inc ("Knix"), a leading direct-to-consumer intimate apparel brand, in connection with the Company's 80% sale to Essity AB (ESSITY-B).

Key Points: 
  • NEW YORK, July 11, 2022 /PRNewswire/ -- TZP Group LLC ("TZP") today announced the full realization of its investment in Knix Wear, Inc ("Knix"), a leading direct-to-consumer intimate apparel brand, in connection with the Company's 80% sale to Essity AB (ESSITY-B).
  • "TZP is proud to have partnered with Knix during this time of incredible growth and development for the Company," said Erin Edwards, Partner at TZP Group.
  • "Knix is truly an incredible organization with an unwavering commitment to innovation, sustainability, community, and inclusivity.
  • "TZP Group has been extremely supportive as we executed our expansion strategy," said Joanna Griffiths, Founder and Chief Executive Officer of Knix.

Comvest Credit Partners Leads Dividend Recapitalization of Saatva

Retrieved on: 
Wednesday, April 27, 2022

The Financing was used to support a dividend recapitalization of the Company by Saatva management and TZP Group, a private equity firm.

Key Points: 
  • The Financing was used to support a dividend recapitalization of the Company by Saatva management and TZP Group, a private equity firm.
  • Saatva offers high-quality mattresses, reasonable prices, short delivery times, and a pleasant, customer-focused shopping experience, which includes a no-pressure home trial.
  • Comvest is pleased to provide financing support to Saatva, the leading brand in the DTC mattress space, said Nick McClelland, Managing Director, at Comvest.
  • Through extensive capital resources and a broad network of industry relationships, Comvest Partners offers companies financial sponsorship, critical strategic and operational support, and business development assistance.