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Fashion Tech Direct-to-Consumer Sportswear Brands sector

Strategic acquirers, private equity (buyout funds and growth funds) firms, and valuation benchmarks for Fashion Tech Direct-to-Consumer Sportswear Brands

1.1 - About Fashion Tech Direct-to-Consumer Sportswear Brands sector

Companies in the Fashion Tech Direct-to-Consumer Sportswear Brands category design, manufacture, and sell performance apparel and athleisure directly via owned e‑commerce channels. They leverage digital merchandising, first‑party data, and content-driven communities to deliver technical garments with precise fit, sustainable materials, transparent pricing, and rapid fulfillment. For M&A analysts, these businesses represent strategic buyers focused on product innovation and seamless end‑to‑end customer experience.

Typical offerings span performance lines such as leggings, sports bras, running shorts, and compression wear built from moisture‑wicking, four‑way stretch fabrics. Many expand into technical outerwear, footwear, and accessories to complete head‑to‑toe kits. Their owned e‑commerce and mobile apps integrate size and fit guidance, drop‑based merchandising, and limited customization. Brands often add membership and loyalty programs, training content, and fast shipping with easy returns, alongside responsible sourcing and recycled fibers.

They primarily serve fitness enthusiasts and athleisure consumers, with strong traction among runners and outdoor athletes as well as yoga and studio communities. Customers benefit from better performance and comfort through technical materials, more reliable fit through data‑informed sizing, and convenient direct purchasing with faster delivery and hassle‑free returns. Many also gain access to limited releases, community events, and value pricing compared to traditional retail.

2. Buyers in the Fashion Tech Direct-to-Consumer Sportswear Brands sector

2.1 Top strategic acquirers of Fashion Tech Direct-to-Consumer Sportswear Brands companies

Nobull Logo

Nobull

HQ: United States Website
  • Description: Provider of athletic footwear, apparel and accessories that support physical training and everyday performance, offering shoes, tees and more alongside a loyalty program aimed at helping customers improve physically, mentally and emotionally.
  • Key Products:
  • Men's Outwork Edge (Impact) Shoe: Durable training footwear whose gear 'holds up', features standout camo pattern and is built for users who refuse to fit in during intense workouts
  • Men's Drive Mesh Shoe: Re-worked mesh sneaker described as a brand favorite, recharged and ready to disrupt, giving versatile comfort for cross-training and everyday wear
  • Women's Allday Knit Shoe: Knit construction shoe built to stand out, hold up and go hard, delivering stability and comfort for varied activities
  • NOBULL Loyalty Program: Membership service granting early product access, exclusive discounts and free shipping benefits to strengthen customer engagement and community.
  • Company type: Private company
  • Employees: ●●●●●
  • Total funding raised: $●●●m
  • Backers: ●●●●●●●●●●
  • Acquisitions: ●●
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2.2 - Strategic buyer groups for Fashion Tech Direct-to-Consumer Sportswear Brands sector

M&A buyer group 1: Performance Wear

8 companies View group →
Description: Companies in the Fashion Tech Performance Apparel Solutions category design and manufacture technology-enabled sportswear and workwear that enhance comfort, protection, and athletic output. They combine advanced textiles and engineered construction to deliver moisture management, thermoregulation, compression, and durability across high-intensity use cases. These vendors supply performance garments and accessories that integrate digital design, smart fabrics, and quality manufacturing to help customers achieve consistent fit, superior function, and extended wear life.
Castore

Castore

Website HQ: United Kingdom
  • Type: N/A
  • Employees: ●●●●●
  • Description: Provider of premium performance sportswear that leverages advanced engineering and unique technical fabrics to optimise athletic performance, complemented by a technology-enabled digital platform serving global sports teams.
  • Key Products:
  • Performance Sportswear: High-quality athletic apparel engineered with advanced materials to enhance comfort, durability and overall athlete performance across varied conditions
  • Technical Fabric Technology: Proprietary fabrics offering moisture-wicking, lightweight and temperature-regulating properties designed to optimise training and competition output
  • Digital Platform for Sports Teams: End-to-end technology solution enabling professional clubs to manage merchandising, kit design and direct-to-fan commerce through a unified interface
  • Team Apparel & Merchandise Programs: Custom kit and merchandise supply for elite organisations such as Formula 1
  • EPL and Bundesliga teams, ensuring brand consistency and performance benefits.
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Buyer group 2: ████████ ████████

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Key Products: ████████, ████████, ████████, ████████
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Buyer group 3: ████████ ████████

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Key Products: ████████, ████████, ████████, ████████
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3. Investors and private equity firms in Fashion Tech Direct-to-Consumer Sportswear Brands sector

3.1 - Buyout funds in the Fashion Tech Direct-to-Consumer Sportswear Brands sector

Buyout Funds investing in Fashion Tech Direct-to-Consumer Sportswear Brands companies

51+ funds
Description: Buyout funds focused on Fashion Tech Direct-to-Consumer Sportswear Brands companies globally.

Verdane

Website HQ: Norway
  • Type: Buyout
  • Fund Size: $●●●m
  • Investment Range: $●●-●●●m
  • Focus: Technology companies in Fashion Tech Direct-to-Consumer Sportswear Brands
  • Relevant M&A transactions / similar portfolio companies:
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2.2 - Strategic buyer groups for Fashion Tech Direct-to-Consumer Sportswear Brands sector

Growth Equity Funds in Fashion Tech Direct-to-Consumer Sportswear Brands companies

41+ funds
Description: Growth equity funds focused on Fashion Tech Direct-to-Consumer Sportswear Brands companies globally.

Partech

Website HQ: France
  • Type: Growth
  • Fund Size: $●●●m
  • Investment Range: $●●-●●●m
  • Focus: High-growth companies in Fashion Tech Direct-to-Consumer Sportswear Brands
  • Relevant investments / similar portfolio companies:
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4 - Top valuation comps for Fashion Tech Direct-to-Consumer Sportswear Brands companies

4.2 - Public trading comparable groups for Fashion Tech Direct-to-Consumer Sportswear Brands sector

Valuation benchmark group 1: Athletic Footwear and Sportswear Brands

13 companies View group →
Description: Companies in this trading comparable group are branded athletic footwear and sportswear businesses. They design, source, and market performance apparel, sneakers, outdoor gear, and accessories, selling through wholesale partners, owned retail, and e-commerce. They are grouped as comparables due to similar brand-led models, global distribution, marketing intensity, seasonality, and unit economics that drive margins and growth in consumer discretionary sportswear.
  • Enterprise value: $●●●m
  • Market Cap: $●●●m
  • EV/Revenue: ●.●x
  • EV/EBITDA: ●●.●x
  • Description: Provider of athletic footwear, apparel, and equipment, delivering innovative products and services to athletes and consumers worldwide. The company designs, manufactures, markets, and sells a diverse range of sports-related products, emphasizing performance and comfort.
  • Key Products:
  • Footwear: High-performance athletic shoes for various sports and activities
  • Apparel: Sportswear and casual wear including shirts, shorts, hoodies, and jackets
  • Equipment: Sports equipment like balls, gloves, and protective gear
  • Accessories: Bags, socks, eyewear, and digital devices for athletes
  • Digital Services: Fitness apps and wearables to track performance and health.
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Revenue growth
Median
15.7%
2025E
16.0%
2026E
EBITDA margin
Median
28.2%
2025E
28.6%
2026E
Cash EBITDA margin
Median
27.6%
2025E
28.0%
2026E
EV/Revenue
Median
8.4x
2025E
6.8x
2026E
EV/EBITDA
Median
28.9x
2025E
24.4x
2026E
EV/Cash EBITDA
Median
29.0x
2025E
25.5x
2026E
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4.3 - M&A Transactions in the Fashion Tech Direct-to-Consumer Sportswear Brands sector

Selected M&A transactions

Date Target Description Buyer(s) Relevance EV EV/Revenue EV/EBITDA
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Frequently Asked Questions

Buyers & Acquirers in Fashion Tech Direct-to-Consumer Sportswear Brands sector

Who are the top strategic acquirers of Fashion Tech Direct-to-Consumer Sportswear Brands companies?

Top strategic buyers in this sector include Nobull, a provider of athletic footwear, apparel and accessories that support physical training and everyday performance, offering shoes, tees and more alongside a loyalty program aimed at helping customers improve physically, mentally and emotionally. .

Which buyer groups are most relevant for Fashion Tech Direct-to-Consumer Sportswear Brands companies?

Relevant strategic buyer groups similar to the Fashion Tech Direct-to-Consumer Sportswear Brands sector include Performance Wear because they share similar customer segments and product capabilities.

Financial Investors in Fashion Tech Direct-to-Consumer Sportswear Brands sector

Which are the top PE firms investing in Fashion Tech Direct-to-Consumer Sportswear Brands companies?

Potential investors in the broader Fashion Tech Direct-to-Consumer Sportswear Brands space include Partech and Verdane.

Who are the top buyout funds acquiring Fashion Tech Direct-to-Consumer Sportswear Brands companies?

Active PE funds and buyout funds acquiring companies in the Fashion Tech Direct-to-Consumer Sportswear Brands space include Verdane.

Who are the top growth equity funds investing in Fashion Tech Direct-to-Consumer Sportswear Brands companies?

Growth funds investing in the broader Fashion Tech Direct-to-Consumer Sportswear Brands sector include Partech.

Valuation of Companies in Fashion Tech Direct-to-Consumer Sportswear Brands sector

Which are the key public companies that are relevant trading comps for Fashion Tech Direct-to-Consumer Sportswear Brands companies?

Key trading comparable groups include Nike, a provider of athletic footwear, apparel, and equipment, delivering innovative products and services to athletes and consumers worldwide. the company designs, manufactures, markets, and sells a diverse range of sports-related products, emphasizing performance and comfort..

Which are the key trading comparable groups for Fashion Tech Direct-to-Consumer Sportswear Brands companies?

Similar trading comparable companies include Athletic Footwear and Sportswear Brands. Our platform tracks detailed trading comparable groups in the Fashion Tech Direct-to-Consumer Sportswear Brands sector with complete valuation multiples, growth metrics, and profitability data. Access the full database to benchmark your company against relevant public comparables.

What are recent M&A transactions in the Fashion Tech Direct-to-Consumer Sportswear Brands sector?

Our platform tracks M&A transactions in the Fashion Tech Direct-to-Consumer Sportswear Brands sector with complete deal terms, valuation multiples, and strategic rationale. Access the full database to benchmark pricing and identify active acquirers.

What are recent capital raises and funding rounds in Fashion Tech Direct-to-Consumer Sportswear Brands?

Access recent funding rounds in the Fashion Tech Direct-to-Consumer Sportswear Brands sector including growth equity, venture capital, and buyout investments. Our database includes round size, lead investors, valuations, and use of proceeds.

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