M&A Deal Summary

Kian Capital Partners Acquires Orangetheory North Carolina Franchisee

On December 18, 2018, private equity firm Kian Capital Partners acquired consumer services company Orangetheory North Carolina Franchisee

Acquisition Highlights
  • This is Kian Capital Partners’ 2nd transaction in the Consumer Services sector.
  • This is Kian Capital Partners’ 18th transaction in the United States.
  • This is Kian Capital Partners’ 5th transaction in North Carolina.

M&A Deal Summary
Date 2018-12-18
Target Orangetheory North Carolina Franchisee
Sector Consumer Services
Buyer(s) Kian Capital Partners
Deal Type Recapitalization
Advisor(s) Fifth Third Securities, Inc. (Financial)

Target

Orangetheory North Carolina Franchisee

Chapel Hill, North Carolina, United States
OTNC is a developer and operator of Orangetheory Fitness studios throughout Central and Eastern North Carolina. OT Growth Partners is based in Chapel Hill, North Carolina.

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Buyer(S) 1

Buyer

Kian Capital Partners

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2011
PE ASSETS 825M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Kian Capital Partners is a private equity firm focused on providing equity and junior capital to support growth, buyouts, shareholder liquidity needs, recapitalizations, divestitures, and refinancings of profitable lower middle-market companies with up to $150 million in revenue. Kian will consider opportunities throughout the US and seeks businesses operating in the business services, distribution, healthcare services, and niche manufacturing sectors. Kian Capital Partners was formed in 2011 and is based in Charlotte, North Carolina.

DEAL STATS #
Overall 18 of 27
Sector (Consumer Services) 2 of 2
Type (Recapitalization) 5 of 8
State (North Carolina) 5 of 7
Country (United States) 18 of 27
Year (2018) 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-12-01 Specialized Dental Partners

Franklin, Tennessee, United States

Specialized Dental Partners is a doctor-led, doctor-driven specialty services partnership for endodontists a collaboration of endodontic specialists and business experts working together to pursue excellence and growth in patient care and business. Specialized Dental Partners was established in 2018 and is based in Franklin, Tennessee.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-10 Charles Products

Rockville, Maryland, United States

Charles Products is a provider of specialty designed custom merchandise to prominent tourist attractions including zoos, museums, aquariums, theme parks, notable locations, and other gift shops. Charles Products was founded in 1952 and is based in Rockville, Maryland.

Buy -
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