Houlihan Lokey is pleased to announce the successful completion of a growth equity financing transaction for Beachbody, LLC (Beachbody). The equity financing was provided by LNK Partners and the transaction closed on November 30, 2012.
Houlihan Lokey served as the exclusive financial advisor to Beachbody and assisted in initiating, structuring and negotiating the transaction on its behalf. This transaction highlights Houlihan Lokey's expertise and continued success raising growth equity and advising consumer, food and retail companies, particularly in the fast-growing health and wellness sector.
Founded in 1998 and headquartered in Santa Monica, Calif., Beachbody is a high-growth health and fitness company that is changing the lives of millions of consumers all across the U.S., Canada, and the U.K. The company develops, markets, and sells revolutionary and proprietary products such as the iconic P90X® and Insanity® fitness programs and the market-leading premium meal replacement shake, Shakeology®, through two highly complementary channels of distribution: direct marketing and network marketing. The company's current portfolio includes over 20 fitness brands and more than 15 nutritional products, allowing Beachbody to gain a hugely passionate and loyal consumer following that has evolved into a large, active health and fitness community with significant recurring revenue potential.
LNK Partners (LNK) is a private equity firm focused on backing strong management teams who are building outstanding consumer and retail businesses. LNK's current portfolio includes its investment in PVH's (NYSE: PVH) acquisition of Tommy Hilfiger, Au Bon Pain, and Natural Food Holdings (Niman Ranch). LNK's partners have extensive experience successfully investing in, operating, or serving on the boards of many leading consumer and retail businesses, including Staples, PVH, Quaker Oats, Pepsi, Panera Bread, Life Time Fitness, Calvin Klein, Gatorade, and Levi Strauss. LNK also is distinguished by the high degree of flexibility in the type, structure and size of its investments, and its willingness to be a minority or majority shareholder. LNK invests in a broad range of investment types, including growth capital, buyouts and recapitalizations. LNK typically invests up to $150 million per transaction.
Houlihan Lokey is an international investment bank with expertise in mergers and acquisitions, capital markets, financial restructuring, and valuation. The firm serves corporations, institutions, and governments worldwide with offices in the United States, Europe and Asia. Independent advice and intellectual rigor are hallmarks of our commitment to client success across our advisory services.