TZP Group Acquires Majority Stake in SAXX Underwear

August 25, 2021

SAXX Underwear Co. Ltd., the Vancouver-based men's premium underwear brand, received a strategic investment from TZP Group through TZP Capital Partners III, L.P., with Brentwood Associates exiting and NLS Group Holdings retaining a significant minority interest. TZP will partner with SAXX to accelerate omnichannel growth, expand the brand geographically (particularly in the United States and Europe), and pursue new product categories and retail distribution opportunities. Terms were not disclosed.

Targets
SAXX Underwear Co. Ltd.
Sellers
Brentwood Associates
Location
British Columbia, Canada
Transaction Type
Buyout

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