Vestis Retail Group closes Sports Chalet buy
Vestis Retail Group, which is backed by Versa Capital Management, has completed its buy of Sports Chalet. The sale price is reportedly $17 million. Versa said it made a “substantial” equity investment in Vestis and has received $180 million in financing. Founded in 1959, Sport Chalet is a specialty sporting goods retailer operating 50 stores in Arizona, California, Nevada and Utah. Cappello Global/Niagara International Capital provided financial advice to Sport Chalet, while Duff & Phelps provided a fairness opinion.
20 August 2014•4 mins read
