Kirkland & Ellis advised L Catterton, the largest global consumer-focused private equity firm, as the anchor investor of a $355 million capital raise for iFIT Health & Fitness, a global leader in connected fitness and interactive content. The capital raise will enable more focus and investment in growing iFIT’s leading brands, content library, and product offerings, with the sole purpose of enhancing the member experience. At the same time, iFIT will also invest in efficiency measures to increase profitability for reinvestment. As part of the announcement, iFIT has also amicably resolved its outstanding litigation matter with one of its shareholders.
The Kirkland team was led by corporate partners Josh Kogan and Frances Dales and associates Thomas Matteson and Parker Collins, tax partners Vin Thorn and Liam Murphy and associate Alan Gill, restructuring partners Josh Sussberg and Matt Fagen and associate Rachael Bentley, debt finance partners Jason Kanner, David Hong and James Dickson and associates Ashley Martin, Aiko Wadley, Julia Choi and Meggie Willinger and executive compensation partner Kate Vera and associate Deidre Kalenderian.