Private equity boost for children’s sportswear manufacturer
28/05/2014
The company supplies apparel for the major sports leagues in North America and to more than 200 colleges and universities.
"Our vision is to become the preeminent global provider of apparel serving our sports league and brand partners," said Sol Werdiger, Outerstuff’s founder and CEO. "Our partnership with Blackstone gives us the financial resources and expertise we need to realise that vision."
Blackstone will invest alongside Mr Werdiger, who will roll over equity in the transaction, and the buyout firm will share equal economics and governance with the current shareholders.
The size of the deal was not disclosed.
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