Kirkland Advises L Catterton on Acquisition of Majority Stake in [solidcore]

Kirkland & Ellis represents global consumer-focused investment firm L Catterton in its definitive agreement to acquire a majority stake in [solidcore] from VMG Partners, Kohlberg & Company, and Peterson Partners. The company is a national network of fitness studios providing targeted strength training on custom-built reformers. The investment solidifies [solidcore] as the nation's authority in its category and will continue to position the business for growth in the years to come. The transaction was announced September 25, 2024.

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The Kirkland team was led by corporate partner Joshua Kogan and associates Sumer Marquette, Aida Kimiagar and Linda Yang; debt finance partner Jason Kanner and associate Ashley Martin; tax partner Vincent Thorn and associate Leon Peschel; technology & IP transactions partners Seth Traxler and Bernadette Coppola; real estate partners John Thomas Goldman and Jacob Clark; and executive compensation partners Scott Price and Matthew Wood.