2XU Pty. Ltd.
Have updates for this profile? Please contribute data
= Subscriber Access Only
You are viewing a preview of this profile. Request a Preqin Pro demo for full access to all profiles and underlying data.
With Preqin Pro, you gain an unobstructed view of all alternative asset class activity across institutional investors, fund managers, funds, portfolio companies, deals, exits, and service providers.
2XU Pty. Ltd. - overview
Established
2004
Location
Cremorne, VIC, Australia
Primary Industry
Consumer Products
About
Founded in 2005 and based in Sydney, Australia, 2XU Pty. Ltd. , pronounced Two Times You, operates as a designer, manufacturer, and distributor of sports clothing, footwear, and accessories. The company also sells its products on its website.
In June 2024, TriVantage Holdings Pte Ltd. fully acquired 2XU Pty. Ltd. from L Catterton for USD 22.
55 million. The firm as of July 2024, is led by its CEO, Marc Boelen. The company offers scientifically-backed, lightweight, and flexible sportswear designed to enhance performance, aid in recovery, and prevent injuries for athletes and fitness enthusiasts. 2XU's product line includes a wide range of compression apparel such as tights, shorts, tops, and socks for both men and women.
Each garment is engineered to provide targeted compression where it's needed most, supporting athletes during training, competition, and recovery phases. 2XU generates revenue by selling its performance compression apparel both online and offline. Some of the products available on its e-commerce website include Form Stash Hi-Rise Compression Tights at USD 99. 99, Commute Insulation Longline Jacket at USD 154.
99, Vectr Light Cushion Crew Socks at USD 29. 99, etc. The June 2024 acquisition will support 2XU to enhance its sports garments product offerings and expand its geographical market reach across North America, Europe, and the Asia Pacific region.
Current Investors
L Catterton, Tanarra Capital
Primary Industry
Consumer Products
Sub Industries
Recreational Hobbies & Sporting Goods, Footwear, Clothing, Accessories
Website
www.2xu.com
Verticals
E-commerce, Manufacturing
Total Amount Raised
Subscriber access only
2XU Pty. Ltd. - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Trade Sale | Completed | 2XU Pty. Ltd. | - | ||||||||
| Secondary Buyout | Completed | 2XU Pty. Ltd. | - | ||||||||
| Secondary Buyout | Completed | 2XU Pty. Ltd. | - | ||||||||
| Add-on | Completed | Sports Multiplied LLC | - | ||||||||
| Buyout | Completed | 2XU Pty. Ltd. | - |
Displaying 1 - 5 of 5
Time to go Pro
Get Preqin Pro for unrestricted access to 600,000+ detailed profiles on fund managers, investors, funds, companies, and other alternative asset players. Unlock exclusive data on future plans, company financials, fundraising history, track records, and more.