Westport, CT, September 19, 2016 – Balance Point Capital (“Balance Point”), in conjunction with its affiliated fund, Balance Point Capital Partners II, L.P., is pleased to announce a strategic investment in CorePower Yoga, LLC (“CorePower” or the “Company”). Balance Point provided mezzanine debt to facilitate a refinancing of the existing capital structure and support the continued growth of the Company.
Founded in 2002 and headquartered in Denver, CO, CorePower is the nation’s premier yoga brand. CorePower Yoga strives to show the world the incredible, life-changing things that happen when an intensely physical workout is rooted in the mindfulness of yoga. Through a variety of yoga classes, convenient times and more than 150 studio locations, CorePower Yoga provides a highly intense and incredibly mindful form of fitness.
Seth Alvord, Managing Partner of Balance Point Capital remarked, “We believe CorePower’s compelling brand equity and leading position within one of the fastest growing fitness segments have positioned the Company for continued growth. We are excited to partner with Eric Kufel and the rest of the CorePower management team. We look forward to supporting the company’s continued growth.”
Eric Kufel, CEO of CorePower Yoga said, “We are excited to have Balance Point as a partner. Balance Point’s ability to understand our fundamental growth drivers and their experience creating customized financing solutions will provide meaningful support for CorePower’s continued expansion."
About Balance Point Capital
Balance Point Capital is an alternative investment manager focused on the lower middle market. With approximately $500 million in assets under management as of December 2015, Balance Point invests debt and equity capital in select lower middle market companies across a variety of investment vehicles. We take a long-term, partnership approach to investing and are committed to building lasting relationships with our partners, management teams and intermediaries. Balance Point Capital Advisors, LLC (referred to herein as Balance Point Capital) is a registered investment adviser. Further information is available at www.balancepointcapital.com.