Comvest Credit Partners, a provider of flexible direct financing solutions to middle-market companies, is acting as joint lead arranger on a $325 million senior secured credit facility for Solidcore, a pilates workout fitness chain.
The financing supports the acquisition of a majority stake in Solidcore by private equity firm L Catterton.
“Solidcore is a leading brand in Pilates, the fastest-growing segment of the boutique fitness industry, and offers compelling historical growth, strong financial performance, and the support of a leading consumer-focused private equity sponsor,” Nick McClelland, a managing director and co-head of Consumer & Retail at Comvest Credit Partners, said. “Comvest Credit Partners looks forward to working with the L Catterton team to support Solidcore’s continued business growth and expansion into existing and new markets.”
