“This investment is a clear reflection of TSG’s continuing commitment to the fitness space,” added Michael Layman, Managing Director at TSG. Importantly, this investment enhances our ability to empower our community to achieve CPY’s mission, while bringing the CPY practice to more students seeking yoga and yoga-inspired fitness classes rooted in mindfulness.” Kufel, Chief Executive Officer of CorePower Yoga, said, “TSG has an outstanding track record of building and nurturing world-class brands, making them an invaluable partner as we enter our next chapter. “We are thrilled to partner with the CPY team as we continue to build upon the Company’s platform and position CPY for continued success.”Įric J. “ CorePower Yoga has established itself as a leading and differentiated brand in the health and wellness space with a proven concept centered around fitness and mindfulness, a loyal and growing member base and a network of high-quality instructors,” said Colin Welch, Managing Director at TSG. CPY is the first investment made by TSG’s eighth fund, TSG8, which closed in February 2019 with $4.0 billion of limited partner capital commitments. Its mission is to bring the life-changing benefits of yoga to a diverse and inclusive community of yoga enthusiasts – offering a variety of yoga classes, convenient schedules and reciprocity across all its studios, and digital instruction app CorePower Yoga On Demand.
Terms of the transaction were not disclosed.ĬorePower Yoga is the fastest growing and largest yoga fitness studio operator in the U.S.
TSG Consumer Partners (“TSG”), a leading private equity firm focused exclusively on the branded consumer sector, today announced that it has acquired CorePower Yoga (“CPY”) from L Catterton.
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