Xponential Health, the guardian of CycleBar and different manufacturers, mentioned it has acquired Pure Barre, a low-impact, intense whole physique exercise firm.
Pure Barre, based mostly in South Carolina, has suburban places in Elmhurst, Geneva, Kildeer, Naperville, Wheaton and Willowbrook. One other location is opening in Vernon Hills this winter.
Monroe Capital LLC introduced the acquisition. As a part of the transaction, LCatterton, which invested in Pure Barre in 2015, will contribute its funding into the acquisition.
Based in 2001 and with greater than 517 studios, Pure Barre says its lessons supply a exercise that lifts your seat, tones your thighs, abs and arms, and burns fats in record-breaking time. Based in 2017, California-based Xponential specializes within the boutique health area — together with Pilates, indoor biking, stretch, rowing, dance and yoga. Xponential’s portfolio of manufacturers contains Membership Pilates, CycleBar, StretchLab, Row Home, AKT and Yoga Six.
Monroe Capital is a personal credit score asset administration agency specializing in direct lending and opportunistic non-public credit score investing.