North Castle Partners has completed an investment in Curves International, the largest fitness club franchisor in the world with approximately 7,300 locations in 90 countries of clubs specifically designed for women.
North Castle is a private equity firm focused exclusively on health, wellness and active living companies. The terms of the investment by North Castle and its co-investors were not disclosed.
"As a firm focused on businesses that promote health, wellness, and active living, an investment in Curves was natural for us," says Chip Baird, North Castle’s founder and managing partner. "We are excited to partner with the company’s founders, Gary and Diane Heavin, to reinvigorate this world renowned company by applying our knowledge and experience in fitness and wellness from our current and prior investments, including International Fitness, Equinox Fitness, EAS and Octane Fitness."
Heavin adds: "Bringing in a partner, the right partner, can be an arduous process. We set out to find a partner with a commitment to values and the knowledge and experience to guide our company to its next level of success. When we met North Castle, we knew that they understood not only our industry but the passion that has driven us to create Curves. We believe our partnership with North Castle will allow us to continue to improve the lives of women."