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Announced

Completed

TZP Group led a Series B round in Knix.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Private

Canada

intimate apparel

Minority

Private Equity

Venture Capital

Completed

Friendly

Single Bidder

Clothing and Accessories

Acquisition

Cross Border

Synopsis

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TZP Group, a multi-strategy private equity firm, led a Series B round in Knix, a direct-to-consumer intimate apparel brand, with participation from Acton Capital. Financial terms were not disclosed. "We believe Knix is an authentic and innovative brand that is disrupting the women's intimate apparel landscape. As pioneers in inclusivity and body positivity, and with an expanding portfolio of high-quality products, the brand has amassed a large and growing community of engaged and loyal consumers. As a digitally-first brand, Knix is well positioned to seize the opportunity for continued growth, and we are thrilled to be partnering with Joanna and the team. TZP is committed to supporting female founders and management teams, and we are proud to add Knix to the TZP portfolio," Erin Edwards, TZP Partner.

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