L Catterton to acquire a majority stake in [solidcore] from VMG Partners, Kohlberg & Company, and Peterson Partners.

L Catterton, a private equity firm, agreed to acquire a majority stake in [solidcore], a network of fitness studios providing targeted strength training on custom-built reformers, from investment firms VMG Partners, Kohlberg & Company, and Peterson Partners. Financial terms were not disclosed. "This partnership is an incredible affirmation of the very special company that we've built, and the transformative period of growth that the business has undergone over the last few years. As we considered potential partners, L Catterton quickly rose to the top of the list given our aligned values and their deep industry knowledge that give them a unique ability to accelerate our growth and success. This is truly just the beginning for [solidcore]," Bryan Myers, [solidcore] President & CEO.