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ACG New York Women of Leadership - Entrepreneur Series
Barbara Bradley Baekgaard, founder of Vera Bradley (Nasdaq: VRA), is the latest in a series of entrepreneurs highlighted at ACG New York Women of Leadership events. Photo credit: Robert Blumenfeld

Watercooler

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Amid a slow and challenging year for dealmaking, the winners of Mergers & Acquisitions’ 7th Annual M&A Mid-Market Awards outpaced the competition to grow, innovate and lead the middle market

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Financial Services Companies Heat Up M&A Market
Speakers from Flexpoint Ford, Genstar Capital, Baird Capital, Madison Capital Funding and Katten Muchin Rosenman discuss the various factors playing a role in M&A activity within the financial services space

Expert's Corner

Pursuing Pharma Manufacturing
The fragmented pharmaceutical manufacturing industry provides plenty of opportunities for private equity investors, says JLL Partners founder Paul Levy

Today's Transactions:
LNK Invests in Beachbody, Owner of P90X

Beachbody’s other exercise programs include Insanity, Brazil Butt Lift and 10-Minute Trainer

Private equity firm LNK Partners has made an investment in Beachbody LLC, owner of the P90X workout program founded by fitness guru Tony Horton.

Santa Monica, Calif.-based Beachbody also makes exercise programs Insanity, Brazil Butt Lift, Shakeology, Ultimate Reset and 10-Minute Trainer. The workouts are sold through infomercials and online and through a direct sales network of coaches.

The investment will allow Beachbody to continue its expansion. Two of LNK’s partners will join the board of directors.

White Plains-based LNK’s portfolio companies include Au Bon Pain and Natural Food Holdings. The firm closed its second fund, LNK Partners II LP, in August with $400 million in commitments.

LNK’s investment is one of several that indicate a growing interest in healthy lifestyles. In December, Calera Capital won an auction for Competitor Group Inc., a sporting event and media company that operates that Rock ‘n’ Roll Marathon. 

Robert W. Baird & Co. served as LNK’s investment adviser, while Kirkland & Ellis LLP served as legal counsel. Houlihan Lokey was Beachbody’s investment adviser, and Cozen O’Connor was its legal counsel.

 

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