Norwest Mezzanine Partners Invests $7.5 Million in Spyder Active Sports, Inc.
September 10, 2004
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. Visit www.apax.com for more information.