Hidden River Strategic Capital entered into a partnership with Taurus Capital Partners and created Somersault Holdings. Headquartered in Raleigh, NC, Somersault acquired and aggregated seven franchises within The Little Gym franchise system under one management group.
The Little Gym is an enrichment and physical development center for children ages four months through age 12 and is part of youth enrichment platform Unleashed Brands. With seven locations, Somersault is the largest operator in The Little Gym franchise system and the first franchise owner group to be backed by institutional capital.
Hidden River’s investment is its first from its inaugural fund which was raised in 2023. The founding partners of Hidden River have experience and success investing in both franchised concepts and fitness centers, amongst other industry verticals. “We are excited to partner with existing management and Taurus to grow Somersault through acquisitions and the development of new locations.” Kevin Condon, co-founder and partner Hidden River, said. “This investment aligns well with our firm’s focus on supporting small businesses with flexible debt and equity capital to support their growth initiatives.”
