Antares Capital is serving as administrative agent and joint lead arranger on a $111 million senior secured credit facility to support the growth and recapitalization of Movati Athletic Group by Norwest Equity Partners.

Founded in 1997 in Windsor, ON, Movati is a fitness concept that offers amenities such as group fitness classes, pools, basketball courts, women’s-only sections, childcare and a common area for weight training and cardio to more than 95,000 members.

“Antares has supported a prior fitness industry investment of ours, so we knew they would bring strong sector experience to this transaction,” said Andy Cantwell, partner at NEP. “We’ve worked with Antares for over 20 years and value their extensive financing and capital markets expertise.”