Investment Summary

Solis Capital Partners Exits Lindora

On December 4, 2023, Xponential invested in consumer services company Lindora from Solis Capital Partners

Investment Highlights
  • This is Xponential’s 8th transaction in the Consumer Services sector.
  • This is Xponential’s 8th transaction in the United States.
  • This is Xponential’s 7th transaction in California.
Investment Fate
  • Lindora was divested to a consortium of strategic buyers in 2025.

Investment Summary

Date 2023-12-04
Target Lindora
Sector Consumer Services
Investor(s) Xponential
Sellers(s) Solis Capital Partners
Deal Type Add-on Acquisition

Target

Lindora

Irvine, California, United States
Lindora is a provider of comprehensive, medically-based weight loss treatments and products. Lindora operates 35 stand-alone clinics across Southern California and seven in-store clinics in selected Rite Aid stores. Lindora was founded in 1971 and is based in Irvine, California.

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Investor(S) 1

Investor

Xponential

Irvine, California, United States

Category Company
Founded 2017
Sector Consumer Services
Employees288
Revenue 320M USD (2024)
DESCRIPTION

Xponential is a curator of boutique fitness brands across multiple verticals. Through its mission to make boutique fitness accessible to everyone, the Company has built and curated a diversified platform of nine boutique fitness brands spanning across verticals including Pilates, indoor cycling, barre, stretching, rowing, dancing, boxing, running, and yoga. Xponential was founded in 2017 and is headquartered in Irvine, California.


DEAL STATS #
Overall 9 of 9
Sector: Consumer Services M&A 8 of 8
Type: Add-on Acquisition M&A Deals 9 of 9
State: California M&A 7 of 7
Country: United States M&A 8 of 8
Year: 2023 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-13 BFT

Spotswood, Australia

BFT is a fitness franchisor offering a community-based functional training and strength-based program through its locations in Australia, New Zealand, Singapore and the United States. BFT was founded in 2017 and is based in Spotswood, Australia.

Buy $44M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-05-21 Row House

Irvine, California, United States

Row House is a provider of rowing concepts for fitness. Row House was founded in 2014 and is based in Irvine, California.

Sell -

Seller(S) 1

SELLER

Solis Capital Partners

Newport Beach, California, United States

Investor Investor


Category Private Equity Firm
Founded 2002
PE ASSETS 113M USD
Size Small
Type Sector Agnostic
DESCRIPTION

Solis Capital Partners is a private equity firm focused on investing in lower middle-market companies operating in business services, software and related technology, and consumer services. Solis Capital looks to invest $5 to $25 million for majority positions in businesses generating sales of $5 to $100 million. Target companies are typically cash-flow positive and have high barriers to entry. The firm's investment horizon is four to six years. Solis Capital Partners was formed in 2002 and is based in Newport Beach, California with an additional office in San Diego.


DEAL STATS #
Overall 7 of 7
Sector: Consumer Services M&A 1 of 1
Type: Add-on Acquisition M&A Deals 5 of 5
State: California M&A 5 of 5
Country: United States M&A 5 of 5
Year: 2023 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-09-16 Premier Auto Supplies

Miami, Florida, United States

Premier Auto Supplies is a professional distributor of auto paint, body and equipment. Premier Auto Supplies offers a vast, diversified and innovative product assortment of automotive finishes, supplies, tools and equipment. Premier Auto Supplies was founded in 2005 and is based in Miami, Florida.

Buy -