![L Catterton to acquire fitness studios network [solidcore] | PE Hub](https://media.pehub.com/uploads/2019/11/PEHub_Retail.jpg "L Catterton to acquire fitness studios network [solidcore] | PE Hub")
- [solidcore] was founded in 2013
- Headquartered in Greenwich, Connecticut, L Catterton invests in the consumer sector
- Founded in 1989, L Catterton is currently managing approximately $35 billion of equity capital
L Catterton has agreed to acquire a majority stake in [solidcore], a US-based network of fitness studios. The sellers are VMG Partners, Kohlberg & Company, and Peterson Partners. No financial terms were disclosed.
On the deal, Marc Magliacano, a managing partner in L Catterton’s Flagship Fund, said in a statement, “As an experienced investor in the fitness category, we recognize that there are few boutique studio concepts that have the consumer engagement, effective programming, and operational capabilities that [solidcore] has demonstrated, resulting in its enduring growth. Increasingly, consumers understand that movement is medicine, with daily strength training as a key part of their regimen for living a longer, healthier life.”
[solidcore] was founded in 2013.
Headquartered in Greenwich, Connecticut, L Catterton invests in the consumer sector. Founded in 1989, L Catterton is currently managing approximately $35 billion of equity capital.
