New York-based middle-market private equity firm Argand Partners has acquired global dancewear brand Ballet Makers and its subsidiaries, Capezio. The terms of the transaction have not been disclosed.
Founded in 1887, Capezio designs and manufactures premium and highly technical footwear, apparel, and accessories that support dancers and athletes of all ages to practice, compete, and perform.
Headquartered in Totowa, NJ, the company has been owned by the Terlizzi and Giacoio family for nearly 140 years and has established itself as a top player across its key business segments, serving a customer base in North America, with a growing presence in Europe, Australia, Brazil, and Asia.
Under Argand’s ownership, a number of key family members, including the CEO, will remain invested alongside Argand. The firm plans to build upon the company’s existing offering by, among other things, developing product lines, establishing collaborations and licensing arrangements with strategic partners.
Meriwether Group acted as the sell-side advisor to Capezio. Alta Capital Partners served as financial advisor to Argand.
