Baird's Investment Banking Group is pleased to announce the following transaction:

August 2018
Blue Point Capital Partners
Debt Financing for Acquisition of Next Level Apparel
Baird served as the debt advisor to Blue Point Capital Partners on this transaction

Blue Point Capital Partners (“Blue Point”) recently secured debt financing (the “Financing”) in support of its acquisition of YS Garments, Inc. (d/b/a Next Level Apparel) (“Next Level” or the “Company”). The Financing consisted of a first-lien term loan and a revolving credit facility.

Blue Point is a leading private equity firm with over $1.5 billion in committed capital focused on investing in and growing lower middle-market companies. Blue Point invests in businesses that can benefit from its unique operating resources including differentiated Asian capabilities, data and digital expertise and experience in M&A execution. With offices in Cleveland, Charlotte, Seattle and Shanghai, Blue Point is uniquely positioned to establish relationships with regional business owners and advisors while also offering the strategic and economic resources of a global organization. Blue Point is headquartered in Cleveland, Ohio.

Next Level Apparel is a leading provider of undecorated (i.e., blank) fashion basic apparel. The Company features a best-in-class business model that combines industry leading product quality and innovation with superior execution supported by a flexible, fully-outsourced supply chain. Next Level’s customers include over 3,000 screenprinters and decorators, as well as the largest distributors of printwear in the United States. The Company offers its customers an attractive value proposition that includes an extensive selection of more than 11,000 SKUs of premium fashion basic apparel that is marketed under the highly recognized Next Level brand accompanied by accurate and timely order fulfilment, competitive price points and superior customer service. Next Level was founded in 2003 and is headquartered in Gardena, California.

For additional information about this transaction, please contact:

Howard Lanser +1-312-609-5478
Matthew Tingler +1-312-609-4470
Jeff Seaman +1-312-609-4687
Sean Dunn +1-312-609-4962
Terry Huffine +44-20-7667-8430