Swiss private asset manager Capital Dynamics has co-invested in Curves International, the world's largest health club franchisor.
Swiss private asset manager Capital Dynamics has co-invested in Curves International, the world’s largest health club franchisor.
The deal was executed together with the US-based lead investor, North Castle Partners.
The effort was led by the Capital Dynamics global team from its London, New York, Silicon Valley and Tokyo offices.
Andrew Beaton, managing director and co-head of the co-investment business at Capital Dynamics, said: “North Castle is highly experienced in the healthy living and wellness segment; the team has already made over 20 investments in the wellness area.
“Curves, boasting the key growth drivers targeted by fast moving consumer goods companies, is the ideal „next” investment.”
Curves operated in 90 countries across the globe, with over 7,300 health clubs. Its business is driven by growing demand for wellness services due to the aging population, desire for health and longevity and the rising levels of obesity in many countries.
Capital Dynamics is based in Zug, Switzerland, but has offices across the world in London, New York, Australasia and the Americas. Its client base includes pension funds, endowments, family offices, high net worth individuals and advisors.