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Norwest Equity Partners is divesting its stake in a skiing and snowboarding retailer.
NEP, based in Minnesota, announced it sold its share of Christy Sports to TZP Group on Nov. 25. Terms were not disclosed.
Christy Sports is headquartered in Lakewood, Colo., and grew under NEP. When the Minneapolis-based private equity firm invested in the company in 2015, Christy had 41 retail stores that sold skiing and snowboarding equipment. Today there are 63 stores in Colorado, Utah, New Mexico and Washington,…
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Norwest Equity Partners sells stake in skiing retailer with NM presence