Daily News: October 14, 2013

Harris Williams Advises SKLZ on Steelpoint Capital Growth Equity

Harris Williams & Co. received a growth equity investment from Steelpoint Capital Partners, L.P. Harris Williams & Co. acted as the exclusive advisor to SKLZ. The transaction closed on October 10, 2013 and was led by Todd Morris, Mike Wilkins, Andy Dixon, Matt Conaty and David Bhattacharyya from Harris Williams & Co.’s San Francisco office along with Glenn Gurtcheff from the firm’s Minneapolis office.

“SKLZ has created a unique and powerful brand that defines the athletic training category. The company’s category leadership and culture of innovation create exciting growth opportunities in both hard goods as well as instructional content and programming, player evaluation events and training clinics,” said Glenn Gurtcheff, a managing director at Harris Williams & Co. “We believe SKLZ has the potential to become a global sports lifestyle brand.”

“Steelpoint Capital’s investment in SKLZ is representative of the strong investor interest we see in both the athletic and health and wellness markets,” added Todd Morris, a managing director at Harris Williams & Co. “This transaction represents an incredible partnership and is a great outcome for all parties involved.”

Carlsbad, CA-based SKLZ delivers broad lines of training products across a variety of sports including baseball, fastpitch, golf, football, basketball, soccer and more.