BofA Merrill Lynch served as financial advisor and Kirkland & Ellis as legal counsel to CorePower Yoga in connection with the transaction.
L Catterton, the largest and most global consumer-focused private equity firm, has entered into a definitive agreement to sell CorePower Yoga, the fastest growing and largest yoga fitness studio operator in the U.S., to TSG Consumer Partners.
Terms of the transaction were not disclosed.
CorePower Yoga believes in the physical, mental and emotional benefits of yoga and strives to make this combination of fitness and mindfulness accessible to everyone. Offering a variety of yoga classes, convenient schedules and reciprocity across all its studios, CorePower Yoga provides a challenging fitness-inspired practice rooted in the mindfulness of yoga that allows students to blend intensity with intention. With the mission of bringing the life-changing benefits of yoga to the masses, CPY is the recognized national leader in yoga.
The Kirkland team was led by transactional partners Joshua Kogan (Picture) and Elizabeth Freechack and associates Greg Knight and Brandon Nesfield; and tax partner Vincent Thorn.
Involved fees earner: Elizabeth Freechack – Kirkland & Ellis; Gregory Knight – Kirkland & Ellis; Joshua Kogan – Kirkland & Ellis; Brandon Nesfield – Kirkland & Ellis; Vincent Thorn – Kirkland & Ellis;
Law Firms: Kirkland & Ellis;
Clients: CorePower Yoga LLP;