M&A Deal Summary

Xponential Acquires Pure Barre

On October 26, 2018, Xponential acquired franchising company Pure Barre from WJ Partners and L Catterton Partners

Acquisition Highlights
  • This is Xponential’s 1st transaction in the Franchising sector.
  • This is Xponential’s 5th transaction in the United States.
  • This is Xponential’s 1st transaction in Colorado.

M&A Deal Summary
Date 2018-10-26
Target Pure Barre
Sector Franchising
Buyer(s) Xponential
Sellers(s) WJ Partners
L Catterton Partners
Deal Type Add-on Acquisition

Target

Pure Barre

Denver, Colorado, United States
Pure Barre is a franchisor of barre technique workout studios, offering an effective and non-impact total body workout as well as selling apparel, equipment, and accessories through its studios and website. Pure Barre was founded in 2001 and is based in Denver, Colorado.

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Buyer(S) 1

Buyer

Xponential

Irvine, California, United States
Category Company
Founded 2017
Sector Consumer Services
Employees310
Revenue 319M USD (2023)
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 5 of 9
Sector (Franchising) 1 of 1
Type (Add-on Acquisition) 5 of 9
State (Colorado) 1 of 1
Country (United States) 5 of 8
Year (2018) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-08-06 Yoga Six

Irvine, California, United States

Yoga Six is a provider of yoga and fitness program rooted in science which provides multidimensional, results-based workouts to its members. Yoga Six was founded in 2012 and is based in Irvine, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-17 Stride Fitness

Pasadena, California, United States

Stride Fitness was created with the goal that clients of all ages and fitness levels could use running and walking as a launchpad for their personal fitness journey. Stride Fitness was founded in 2017 and is based in Pasadena, California.

Buy -

Seller(S) 2

SELLER

WJ Partners

Investor Investor Investor Investor

Category Private Equity Firm
Founded 2008
Size Small
Type Sector Agnostic
DESCRIPTION

WJ Partners is a private equity group focused on Southeast US-based, lower middle-market companies with a minimum of $1 million in EBITDA. The Firm will consider opportunities in a range of industries, including business and professional services, consumer products/services, industrial services, and specialty finance. WJ Partners does not invest in real estate, technology, start-ups, or operational turnarounds. WJ Partners is based in Spartanburg, South Carolina.

DEAL STATS #
Overall 2 of 3
Sector (Franchising) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Colorado) 1 of 1
Country (United States) 2 of 3
Year (2018) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-03-01 Eggs Up Grill

Spartanburg, South Carolina, United States

Eggs Up Grill is an operator of franchised breakfast and lunch restaurants located in the southeast. Eggs Up Grill was founded in 1986 and is based in Spartanburg, South Carolina.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-03-04 Mobile Communications America

Spartanburg, South Carolina, United States

Mobile Communications America is a provider of two-way radio solutions and services for mission-critical environments. MCA sells and installs proprietary communication systems, provides two-way radio hardware, and services and maintains the systems and hardware. Mobile Communications America was founded in 1988 and is based in Spartanburg, South Carolina.

Sell -
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 55 of 101
Sector (Franchising) 2 of 2
Type (Add-on Acquisition) 23 of 45
State (Colorado) 4 of 6
Country (United States) 49 of 75
Year (2018) 7 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-07-30 Zarbee s

South Jordan, Utah, United States

Zarbee's, Inc. is a manufacturer of natural OTC medicines for a wide variety of common ailments as well as immunity boosting products. Zarbee's, Inc. was founded in 2008 and is based in South Jordan, Utah.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-11-08 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.

Buy -
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