Monroe Capital acted as sole lead arranger and administrative agent on the funding of a senior credit facility to support Xponential Fitness’ acquisition of Pure Barre.
As part of the transaction, L Catterton, which invested in Pure Barre in 2015, will contribute its investment into the acquisition.
Founded in 2001, Pure Barre is the largest barre franchise in North America, with more than 517 studios across the country. Pure Barre classes offer a total body workout that lifts, tones and burns fat.
Founded in 2017, Xponential is a curator of brands across every vertical in the boutique fitness space, including Pilates, indoor cycling, stretch, rowing, dance and yoga. Xponential’s portfolio of brands includes Club Pilates, CycleBar, StretchLab, Row House, AKT and Yoga Six.
With the addition of Pure Barre, Xponential becomes the largest provider of boutique fitness in the world.
