North Castle Partners Closes $300M Sixth Focused Fund

North Castle Partners, a Greenwich, Conn.-based private equity firm focused on consumer businesses that promote Healthy, Active and Sustainable Living, closed its sixth fund, at $300m.

North Castle Partners VI, L.P., which was oversubscribed, has made two investments to date:
– In April 2016, North Castle backed JTL Enterprises Inc. (dba HydroMassage), an equipment brand that promotes recovery, relaxation, and wellness through dry hydrotherapy. Founded in 1989, HydroMassage offers dry hydrotherapy massage systems in two basic formats — bed and lounge – that employ a traveling jet system, which is directly controlled by the users for a quick and effective full body massage.
– In May, the Fund invested in SLT Group LLC (dba Strengthen, Lengthen and Tone), a boutique fitness studio operator engaging clients with an intense core-focused full body workouts combining cardio, strength training and Pilates style movements to strengthen, lengthen and tone. The workouts are led by an instructor who utilizes a machine that incorporates an arrangement of springs, straps, and pulleys along with body weight to systematically work out the entire body.

Led by Chip Baird, CEO and Founder, Alison Minter, Managing Director, and Jon Canarick, Managing Director, North Castle Partners is a private equity firm focused on
(i) beauty & personal care,
(ii) consumer health,
(iii) fitness, recreation & sports,
(iv) home & leisure and
(v) nutrition sectors, among others.

North Castle’s current portfolio includes well-known brands as HydroMassage, Strengthen Lengthen and Tone, Curves International/Jenny Craig, Barry’s Bootcamp, Palladio Beauty Group, Mineral Fusion, Red Door Spas, Sprout Organics, SmartyPants, Brooklyn Boulders, Ibex Outdoor Clothing, and Turnbridge. Prior portfolio company holdings include Atkins Nutritionals, Contigo, Doctor’s Best, Octane Fitness, Cascade Helmets, Bora-Bora Organic Foods, gloProfessional, Equinox Fitness, EAS, Enzymatic Therapy, CRC Health Group, Doctor’s Dermatologic Formula, Naked Juice Company, Flatout Flatbread, and Avalon Organics / Alba Botanicals.



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