Daily News: December 16, 2013

GHF Receives Three Finalist Honors at M&A Advisor Awards

Greene Holcomb Fisher announced it was recognized as a finalist for three awards at the upcoming 12th Annual M&A Advisor Awards. GHF is in the running for “Investment Banking Firm of the Year” as well as two “Deal of the Year” awards for its financial advisory role in the recapitalization of CorePower Yoga by Catterton Partners. The transaction is recognized in both the “Consumer and Retail Products Deal of the Year Over $100 Million” and the “Consumer Services Deal of the Year” categories.

CorePower Yoga (CPY) is one of the largest and fastest growing yoga studio operator in the U.S. Since its founding in 2002, CPY has grown to 80 studios across 12 states, with over 20,000 members who visited CPY studios more than 3 million times last year. On July 1, 2013, GHF announced the strategic recapitalization of CPY by Catterton Partners, a consumer-focused private equity firm. GHF initiated the transaction and acted as the exclusive financial advisor to CPY.

Paul Jevnick, managing director and partner of GHF, commented, “The unique business model of CorePower Yoga, combined with the company’s superb financial and operating performance, led to extraordinary investor interest. GHF managed a very competitive process, driving favorable valuation and terms, and in the end, producing a very quick and efficient closing.”

Awards will be presented December 17, 2013 in New York City during the 2013 M&A Advisor Summit. CorePower transaction leader, Paul Jevnick, will be in attendance during the gala dinner ceremony, along with GHF Managing Directors, Brian Holcomb and Kyle Crowe.

Jevnick commented, “It is an honor for GHF to be nominated for these awards by the M&A Advisor. The favorable outcome of the CorePower Yoga transaction adds to GHF’s exceptional track record in the lower-middle market where we have completed over 40 transactions in the last two years. We are excited to carry this strong momentum into what we expect to be a very active 2014.”