North Castle Partners Continuation Fund (led by TPG) Acquires CR Fitness
October 12, 2022
A North Castle Partners–managed single-asset continuation fund, led by TPG GP Solutions with co-lead Montana Capital Partners and reinvesting LPs/GPs, acquired CR Fitness from North Castle Partners VII, LP and other existing investors. The deal preserves North Castle's ownership via the new vehicle and provides additional capital to support CR Fitness' organic growth and club expansion across the U.S.
- Buyers
- North Castle Partners (Continuation Fund), TPG GP Solutions, Montana Capital Partners, Reinvesting LPs and GPs
- Targets
- CR Fitness
- Sellers
- North Castle Partners VII, LP, Other existing investors
- Industry
- Healthcare Services
- Location
- Florida, United States
- Transaction Type
- Recapitalization
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