Proceeds from the facility will be employed to commit in targeted progress initiatives, effectiveness steps to greatly enhance rewarding expansion, as effectively as elevate the iFIT member encounter by continuing to innovate throughout interactive computer software, content material, and components.
“We are grateful to the group at Pathlight for supporting us as we enter our up coming chapter of growth at iFIT. As exercise routines normalize coming out of the pandemic, we strive to provide the most outsized fitness experience irrespective of exactly where our member desires to training. The support from Pathlight will enable us to continue our leadership posture in providing the most innovative hardware and immersive expertise,” said Steve Barr and Mark Watterson, iFIT co-Presidents.
Mark Twomey, Husband or wife of Pathlight Funds commented, “Pathlight was happy to partner with L Catterton and the management workforce in delivering liquidity to help the innovation iFIT delivers to the wellbeing and physical fitness sector. The information and interactive character of their assorted solution choices carries on to revolutionize the in-household workout experience. We are happy to be a section of this money increase and search forward to the ongoing expansion of the company.”
About Pathlight Capital
Pathlight Funds is a private credit rating expenditure supervisor devoted to conference the demands of providers that run across a broad vary of industries by supplying asset-dependent financial loans secured on a initially or second lien basis towards tangible and intangible belongings. Pathlight aims to deliver creative funding answers to allow management groups to accessibility incremental liquidity for the uses of funding performing funds, credit card debt refinancings, progress, acquisitions, dividends and turnaround tactics. For more facts, make sure you pay a visit to www.pathlightcapital.com.
About iFIT Wellness & Health Inc.
iFIT® is a world exercise and nicely-remaining membership technology business that gives unmatched conditioning activities and options to its developing neighborhood of more than 7.3 million users in more than 120 international locations. iFIT’s field-foremost models – NordicTrack®, ProForm®, Sweat®, Freemotion®, Weider® and 29029® – are powered by the iFIT integrated wellbeing and health platform, which seamlessly connects the firm’s proprietary software, experiential information and interactive hardware. Primarily based in Logan, Utah, with workplaces in Paris, Shanghai, Sydney and Leeds, the company features immersive, adaptive, personalised exercise experiences for each and every exercise level and interest. iFIT delivers these patented interactive ordeals as a result of an in depth offering of live and on-need written content across the industry’s broadest array of connected exercise modalities. iFIT is a pioneer and leader in the overall health and health and fitness business with additional than 400 issued and pending patents.
Source Pathlight Capital