Proceeds from the facility will be applied to make investments in targeted expansion initiatives, effectiveness actions to improve financially rewarding growth, as well as elevate the iFIT member encounter by continuing to innovate across interactive computer software, content, and components.
“We are grateful to the staff at Pathlight for supporting us as we enter our following chapter of advancement at iFIT. As fitness routines normalize coming out of the pandemic, we try to provide the most outsized health and fitness working experience no matter of in which our member desires to exercise session. The support from Pathlight will let us to carry on our leadership placement in offering the most progressive hardware and immersive working experience,” said Steve Barr and Mark Watterson, iFIT co-Presidents.
Mark Twomey, Partner of Pathlight Capital commented, “Pathlight was happy to associate with L Catterton and the management workforce in furnishing liquidity to guidance the innovation iFIT provides to the wellbeing and physical fitness market place. The articles and interactive mother nature of their varied products choices proceeds to revolutionize the in-dwelling work out experience. We are delighted to be a portion of this money increase and glance ahead to the continued expansion of the enterprise.”
About Pathlight Capital
Pathlight Cash is a personal credit rating investment supervisor dedicated to meeting the desires of firms that run across a wide variety of industries by offering asset-centered financial loans secured on a first or next lien foundation from tangible and intangible belongings. Pathlight aims to provide resourceful financing remedies to let administration teams to entry incremental liquidity for the functions of funding doing the job cash, debt refinancings, advancement, acquisitions, dividends and turnaround techniques. For a lot more info, remember to visit www.pathlightcapital.com.
About iFIT Overall health & Physical fitness Inc.
iFIT® is a global physical fitness and perfectly-remaining membership technological innovation company that presents unmatched exercise experiences and methods to its growing local community of about 7.3 million members in more than 120 nations around the world. iFIT’s marketplace-top brands – NordicTrack®, ProForm®, Sweat®, Freemotion®, Weider® and 29029® – are driven by the iFIT integrated health and health system, which seamlessly connects the firm’s proprietary software, experiential information and interactive components. Dependent in Logan, Utah, with workplaces in Paris, Shanghai, Sydney and Leeds, the organization gives immersive, adaptive, customized exercise session ordeals for just about every health level and desire. iFIT provides these patented interactive experiences through an in depth presenting of stay and on-desire articles across the industry’s broadest assortment of connected health modalities. iFIT is a pioneer and leader in the health and health and fitness industry with additional than 400 issued and pending patents.
Supply Pathlight Money