Investment Summary

Castanea Partners Invests In West Coast Fitness

On September 10, 2018, private equity firm Castanea Partners invested in franchising company West Coast Fitness

Investment Highlights
  • This is Castanea Partners’ 1st transaction in the Franchising sector.
  • This is Castanea Partners’ 1st transaction in the United Kingdom.

Investment Summary

Date 2018-09-10
Target West Coast Fitness
Sector Franchising
Investor(s) Castanea Partners
Deal Type Growth Capital
Advisor(s) Piper Sandler & Co. (Financial)
Davis Wright Tremaine (Legal)

Target

West Coast Fitness

Peel, United Kingdom
West Coast Fitness is a franchisee and area representative of Orangetheory Fitness that operates ten Orangetheory studios and oversees an additional seventeen studios. West Coast Fitness is based in Peel, Isle of Man.

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Investor(S) 1

Investor

Castanea Partners

Newton, Massachusetts, United States

Investor Investor Investor


Category Private Equity Firm
Founded 2001
PE ASSETS 775M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Castanea Partners is a private equity firm that targets investments in established, small to mid-sized companies valued up to $250 million. The Firm looks for businesses with strong management and significant competitive advantages. Sectors of interest include publishing, information services, education/training, consumer brands, specialty retail, and marketing services. Castanea prefers control investment situations and looks to commit between $15 and $150 million per transaction. Castanea Partners was formed in 2001 and is based in Newton, Massachusetts.


DEAL STATS #
Overall 30 of 30
Sector (Franchising) 1 of 1
Type (Growth Capital) 16 of 16
Country (United Kingdom) 1 of 1
Year (2018) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-07-25 Ippolita

New York, New York, United States

Ippolita is a designer, marketer, and retailer of luxury fashion jewelry under the Ippolita brand. Ippolita sells its products primarily at Neiman Marcus, Saks Fifth Avenue, and Bergdorf Goodman. Ippolita was founded in 1999 and is based in New York City.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-11-12 Proenza Schouler

New York, New York, United States

Proenza Schouler LLC is an operator of global luxury accessories and women’s apparel business with points of sale in more than 20 countries worldwide through exclusive department stores and boutiques and ten freestanding stores. Proenza Schouler was founded in 2002 and is based in New York City.

Sell -