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Blue Point Capital recapitalises Next Level Apparel

19
Aug '18
Courtesy: Next Level Apparel
Courtesy: Next Level Apparel
Blue Point Capital Partners has recapitalised Next Level Apparel, a designer and supplier of quality, casual apparel to the promotional product, ad specialty and other decorated apparel markets. Next Level was founded in 2003 and is headquartered in Gardena, California. The company’s products are sold blank and marketed under the Next Level brand.

Jeff Robich, a principal with Blue Point, said, “Next Level is an established platform operating in the rapidly growing fashion basics category with significant avenues for future growth. The company’s leading position, strong relationships and brand reputation with the major distributors and decorators make this a great opportunity for Blue Point to be a value-added partner and help facilitate the company’s continued growth.”

Next Level was founded in 2003 and is headquartered in Gardena, California. The company’s products are sold blank and marketed under the Next Level brand. Next Level differentiates itself by creating innovative, attractive fabric blends to complement the company’s core product offerings, such as its leading category of tops – consisting of tees, tanks, hoodies and jackets.

“Blue Point knows the apparel sector extremely well and we are excited for what is to come in our partnership,” said Joe Simsoly, founder and CEO of Next Level. “Blue Point’s strategic approach and resources will help further develop and diversify our ability to provide quality, fashionable apparel to our customers.”

“Next Level is an excellent opportunity to partner with an experienced management team and acquire a leader in the fashion basics segment of the promotional products industry,” said Chip Chaikin, a partner with Blue Point. “The company serves a diverse and fragmented market, and with Blue Point’s extensive toolkit of operational, M&A, e-commerce and digital marketing expertise, we certainly look forward to a highly rewarding partnership.”

The acquisition of Next Level marks the first platform investment for Blue Point IV, the firm’s fourth middle market buyout fund. Blue Point IV maintains the same strategic initiatives and focus as its predecessor fund, Blue Point III. The firm continues to identify opportunities, such as Next Level, where applying its core value-added tools such as Asian Strategies, Data and Digital Strategies and M&A can strongly impact a company’s growth. (SV)

Fibre2Fashion News Desk – India


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