Winston & Strawn LLP represented Norwest Equity Partners in the divestment of its investment interest in Christy Sports to TZP Group. William Blair & Company advised Christy Sports on the transaction.
Christy Sports, LLC announced that it has received a significant investment from TZP Capital Partners III, L.P.
The transaction closed on November 25, 2019, and financial terms were not disclosed.
TZP Group, a private equity firm with $1.6 billion raised since inception across its family of funds, is focused on investments in business and consumer services companies. Founded in 2007, TZP targets companies with solid historical performance and sustainable value propositions and aims to be a “Partner of Choice” for business owners and management teams.
Founded in 1958 and headquartered in Lakewood, Colorado, Christy Sports is a national leader in Winter Sports specialty retail & service and also a leader in Outdoor Furniture in the Rocky Mountains.
Norwest Equity Partners is a leading middle market investment firm, focusing on management buy outs, acquisitions, mergers, recapitalizations, restructuring, and other corporate situations.
The Winston deal team representing NEP included Partners Greg Bynan (Chicago; Picture), Don Goff (Chicago), Rob Heller (NY), Associates Dave Bauer (Chicago), and John Secaras (Chicago).
Law Firms: Winston & Strawn;
Clients: Norwest Equity Partners ;