Catterton Partners has made an investment in CorePower Yoga, an operator of company-owned yoga studios. The new investment will be used to accelerate CorePower Yoga’s growth and expansion. The CorePower Yoga management team led by founder Trevor Tice, its Chief Executive Officer, and Chad Kilpatrick, President and Chief Financial Officer, will continue to lead the company
CorePower Yoga is the nation’s largest operator of company-owned yoga studios with over 80 studios in 12 states. The company has tripled its studio base over the last five years. CorePower Yoga was founded in 2002 and is based in Denver (www.corepoweryoga.com).
“Yoga continues to experience growing adoption and is one of the fastest growing segments within fitness. As the leading and most expansive yoga studio brand, CorePower Yoga is well-positioned for continued success in this large and fragmented growth market,” said Marc Magliacano, a Partner at Catterton. “CorePower Yoga brings yoga and fitness together, with the most experienced and credentialed instructors who offer a consistent experience and a wide range of classes for students of all levels across studios nationwide. We look forward to partnering with the talented team at CorePower Yoga to realize the tremendous vision for this company.”
Catterton Partners focuses exclusively on the consumer industry and invests in all major segments including food and beverage; retail and restaurants; consumer products and services; and media and marketing services. Catterton was founded in 1989 and has more than $3.5 billion in capital under management. The firm is located in Greenwich, CT (www.cpequity.com).
“We are thrilled to partner with Catterton. Together we will achieve CorePower Yoga’s mission to bring the physical, mental and spiritual benefits of yoga to students of all levels across the country. Catterton has an outstanding track record of growing consumer and retail companies, including health and wellness brands, and we look forward to continuing CorePower Yoga’s growth by expanding our footprint on a broader national scale to spread our passion for yoga and help more people live healthy, extraordinary lives,” said Mr. Tice.
Robert W. Baird & Co. served as the exclusive financial advisor to Catterton on this transaction.
© 2013 PEPD • Private Equity’s Leading News Magazine • 7-11-13