Nautic Partners, LLC, a private equity firm with more than $2.3 billion of capital under management, has acquired Prince Sports, Inc., in partnership with Prince’s management.   The firm acquired Prince from Lincolnshire Equity Fund II LP, another P.E. firm that acquired the tennis brand from Benetton in 2003. GE Antares Capital provided the senior debt financing for the deal.


Nautic said it has a successful history of transactions in the sporting goods industry, including investments in Pace Fitness, LLC and Savage Sports Corporation.   


Prince is expected to surpass $100 million in sales by the end of its fiscal year, according to a company release.