Ropes & Gray advised TSG Consumer Partners, a leading private equity firm focused on the branded consumer sector, in its acquisition of CorePower Yoga. This is the first investment made by TSG’s eighth fund, TSG8, which closed in February 2019 with $4 billion of limited partner capital commitments. The transaction was announced on March 12 and terms of the transaction were not disclosed.
CorePower Yoga, founded in 2002, is the fastest growing and largest yoga fitness studio operator in the U.S. and has over 200 studios in 23 states and Washington D.C.
The Ropes & Gray team was led by securities & public companies partner Christopher Comeau, IP transactions partner Megan Baca, benefits partner Joshua Lichtenstein, real estate partner Jack Creedon and tax partner Pamela Glazier.
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