M&A Deal Summary

The Amynta Group Acquires iFIT

On September 13, 2022, The Amynta Group acquired consumer services company iFIT from L Catterton Partners

Acquisition Highlights
  • This is The Amynta Group’s 1st transaction in the Consumer Services sector.
  • This is The Amynta Group’s 8th transaction in the United States.
  • This is The Amynta Group’s 1st transaction in Utah.

M&A Deal Summary
Date 2022-09-13
Target iFIT
Sector Consumer Services
Buyer(s) The Amynta Group
Sellers(s) L Catterton Partners
Deal Type Add-on Acquisition
Advisor(s) Truist Securities (Financial)
Kirkland & Ellis (Legal)

Target

iFIT

Logan, Utah, United States
iFIT is a global health and fitness technology company that provides unmatched fitness experiences and solutions to its growing community of millions of engaged members across 120 countries. iFIT’s industry-leading brands NordicTrack, ProForm, and Freemotion are powered by the iFIT integrated health and fitness platform, which seamlessly connects the company’s proprietary software, experiential content, and interactive hardware. iFIT offers immersive, adaptive, personalized subscription workout experiences for every fitness level and interest. iFIT delivers these patented interactive experiences through an extensive offering of live and on-demand content across a full range of fitness modalities. iFIT was founded in 1977 and is based in Logan, Utah.

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Buyer(S) 1

Buyer

The Amynta Group

New York, New York, United States
Category Company
Founded 2018
Sector Insurance
DESCRIPTION

The Amynta Group distributes commercial insurance products through managing general agents, offers niche insurance services through specialty risk managers, and provides extended warranties and other financial protection plans for automotive and consumer products.

DEAL STATS #
Overall 8 of 11
Sector (Consumer Services) 1 of 1
Type (Add-on Acquisition) 4 of 5
State (Utah) 1 of 1
Country (United States) 8 of 10
Year (2022) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-01 Scion Underwriting Services

Dallas, Texas, United States

Scion Underwriting Services operates as an MGA providing specialty casualty insurance solutions to the excess and surplus lines market. Scion Underwriting Services is based in Dallas, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-01-09 Ambridge

New York, New York, United States

Ambridge is a global Managing General Underwriter (MGU), offering a broad range of transactional, specialty casualty, cyber, professional liability and reinsurance coverages. Ambridge is based in New York City.

Buy $400M

Seller(S) 1

SELLER

L Catterton Partners

Greenwich, Connecticut, United States

Investor Investor Investor Investor Investor

Category Growth Capital Firm
Founded 1989
PE ASSETS 30.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

L Catterton is a private equity firm that targets investments in consumer-related companies located throughout North America. L Catterton looks for businesses with identifiable brands and operating in 'defensible and extensible' positions within growth industry segments. Specific sectors of interest include branded consumables, food/beverages, consumer services, restaurants, media and marketing, household durables, specialty retail, mass merchant retail, and luxury/apparel. Prospective transactions include management buyouts, recapitalizations, turnarounds, and growth financings. L Catterton was formed in 1990 and is based in Greenwich, Connecticut.

DEAL STATS #
Overall 92 of 102
Sector (Consumer Services) 6 of 6
Type (Add-on Acquisition) 42 of 46
State (Utah) 3 of 3
Country (United States) 69 of 76
Year (2022) 5 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-07-01 OWNDAYS

Tokyo, Japan

OWNDAYS is an innovative Japanese eyewear company that delivers rapid service, high-quality prescription glasses in own-brand styles. OWNDAYS, which began its successful expansion across Southeast Asia in 2013, has become Japan's most international optical eyewear retailer. With 115 stores in Japan and 142 stores in 10 other Asian markets, OWNDAYS has built a strong track record of successful expansion both in Japan and abroad. OWNDAYS was founded in 1989 and is based in Tokyo, Japan.

Sell $400M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-12-19 BloomChic

Hong Kong, China

BloomChic provides plus-size women with a wide variety of stylish, fitting, and comfortable apparel in a broad range of sizes at affordable price points. BloomChic was founded in 2021 and is based in Hong Kong.

Buy -
Mergr

Product

Company

Legal