Lowenstein Sandler is representing Solidcore founder Anne Mahlum, who said she’s selling all her shares in the chain of strength-training gyms to private equity firm Kohlberg & Company.
Ropes & Gray is representing Solidcore, while Paul Weiss is advising Kohlberg, according to a statement. No financial details were provided for the transaction.
Mahlum launched Solidcore in 2013, opening its first studio in Washington, and the company has since grown to 99 studios in 24 states. She has raised “substantial” capital from private equity firms Peterson Partners, Kohlberg & Company, and VMG Partners, which are now the majority owners in the ...
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