L Catterton sold CorePower Yoga to TSG Capital Partners.

Private equity firm L Catterton sold CorePower Yoga, the fastest growing and largest yoga fitness studio operator in the US, to TSG Capital Partners. Financial terms were not disclosed. Marc Magliacano, a Managing Partner of L Catterton's Flagship Buyout Fund said, "We are proud of the success and growth that CorePower Yoga has achieved over the past five years. Since partnering with the Company in 2013, CorePower Yoga has grown its footprint from 80 studios in 12 states to over 200 studios in 23 states, introduced new, innovative classes and improved its member retention through consistent superior quality and a unique consumer experience rooted in community. As the preeminent yoga studio operator, CPY is changing people's lives every day and will continue to do so on its exciting journey. We are pleased to have partnered successfully with Eric Kufel for the second time in growing an outstanding consumer brand and to have produced a positive investment outcome for CPY stakeholders. CPY's tremendous advancements are a testament to Eric's strong leadership and outstanding team, and we are grateful to the entire CPY community and team for their devoted partnership and for making this a successful investment."