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TSG Consumer Partners Acquires CorePower Yoga from L Catterton
Thursday 14 March 2019

14 March 2019 - San Francisco, US-based consumer-focussed private equity firm TSG Consumer Partners has acquired Denver, US-based yoga fitness studio operator CorePower Yoga (CPY) from Connecticut, US-based private equity firm L Catterton, the company said.

Terms of the transaction were not disclosed.

CPY is the first investment made by TSG's eighth fund, TSG8, which closed in February 2019 with USD 4.0bn of limited partner capital commitments.

TSG said it will partner with the CPY team and build upon the company's platform and position.

CorePower Yoga was founded in 2002 and has over 200 studios in 23 states and Washington DC.

TSG Consumer Partners, LLC is an active investor in the food, beverage, restaurant, fitness, beauty, personal care, household, apparel and accessories, and e-commerce sectors.

Ropes and Gray LLP acted as legal advisor to TSG and Piper Jaffray and Co. and Jefferies LLC served as financial advisors to TSG.
Date Published: 14/03/2019
Target: CorePower Yoga (CPY)
Country: USA
Sector: Business and Consumer Services
Type: LBO
Financing: Cash and Stock
Status: Agreed
Vendor: L,  Catterton
Buyer: TSG Consumer Partners
Buyer Advisor: Ropes and Gray , Piper Jaffray and Co , Jefferies
Terms of the deal were not disclosed