News

September 10, 2004

Norwest Mezzanine Partners Invests $7.5 Million in Spyder Active Sports, Inc.

Norwest Mezzanine Partners invested $7.5 million of senior subordinated debt in Spyder Active Sports, Inc., a leading snow sport apparel company, offering a complete range of performance oriented ski, outerwear, and accessories at premium and moderate price points across multiple distribution channels.  Spyder’s product line includes a broad range of jackets, pants, vests, functional fleece pieces, sweaters, and accessories for men, women and children.  Spyder’s products are currently sold throughout 40 countries, with approximately half of its sales generated outside of the U.S.  Spyder has built one of the world’s most recognized and respected high-performance snow sport apparel brands with a #1 market position in the U.S. specialty skiwear market and a growing share in numerous international markets.

Apax Partners served as the private equity sponsor on this transaction. Visitwww.apax.com for more information.

NMP Contact: Neal Sette, 612-215-1689, nsette@nmp.com

 

Norwest Equity Partners (NEP) is a leading middle market investment focused on partnering with business owners and building companies into industry leaders. With a reputation for quality investments and exceptional financial returns since 1961, NEP manages nearly $5 billion of capital through a series of equity and mezzanine funds. Offering creative and flexible transaction solutions through management buyouts, recapitalizations and growth financings, NEP seeks $30-$150 million equity investment opportunities for growing and profitable companies within the agriculture, applied technology, business services, consumer products and services, distribution, healthcare and industrial industry sectors. NEP is headquartered in Minneapolis, Minnesota; please visit nep.com for more information.