Equinox Fitness Clubs Receives Investment from L Catterton
Posted: July 11, 2017 in Chains
Equinox
NEW YORK, N.Y. and GREENWICH, CT – Equinox, the high performance lifestyle leader, announced a significant minority investment from L Catterton, the largest and most global consumer-focused private equity firm in the world.
Equinox is a pioneer in the luxury fitness industry and has grown into an unrivaled lifestyle brand, operating upscale, full-service clubs across the U.S., U.K. and Canada. As an internationally recognized arbiter of luxury, Equinox offers members unparalleled, bespoke experiences in the fields of movement, nutrition and regeneration, and remains grounded by substance but elevated in style.
“Partnering with L Catterton, which has unparalleled expertise and institutional knowledge of the consumer space, is a resounding endorsement of the strong positioning and performance of our brand,” said Harvey Spevak, Executive Chairman and Managing Partner of Equinox. “Equinox has never been in greater demand. This investment will allow us to continue our rapid growth and achieve our long-term strategic initiatives to provide exceptional, high performance lifestyle clubs across the U.S. and globally.”
“The fitness sector has experienced unprecedented growth as more consumers are prioritizing health and wellness,” said Michael Chu, Global Co-CEO of L Catterton. “As an undisputed leader in the industry, Equinox has developed a brand that is truly distinctive to its clientele, offering unrivaled service and a unique experience, with the potential to expand globally. We look forward to working with Equinox’s outstanding management team to support the brand’s execution of their bold vision for global growth.”
Terms of the transaction were not disclosed.
