L Catterton to invest $355m in iFIT Health & Fitness.

L Catterton, the largest global consumer-focused private equity firm, agreed to invest $355m in iFIT Health & Fitness, a provider of connected fitness and interactive content. "We are honored to invest and to play a meaningful role in the advancement of iFIT’s future. The iFIT member proposition remains superior to competitive offerings and with the new capital raise combined with our partnership, we believe the best of iFIT is yet to come. The Company has the only integrated solution that offers leading product brands (NordicTrack, Proform) and content platforms (iFIT, Sweat) which transcend venues, channels, product categories, and geographies. iFIT is an integrated fitness platform that is positioned to win on a global scale, and we look forward to being a part of it," Marc Magliacano, L Catterton Managing Partner.