Torys acted as counsel to ONCAP with a team that included Guy Berman, Steve Rotchtin, Jesse Leonard and Brianna Pioli (corporate/M&A), Amanda Balasubramanian and Adrienne Love (debt financing) and Tom Stevenson (employment).
On February 17, 2022, ONCAP announced the purchase of a majority stake in Merrithew International Inc. (“Merrithew”), in partnership with the company’s founders, Lindsay and Moira Merrithew. The investment was made by ONCAP IV, Onex Corporation’s C$1.1 billion fund.
The terms of the transaction have not been disclosed.
Further information can be found on Globe Newswire’s website.
Merrithew is a global leader in mindful movement as one of the largest developers, manufacturers and retailers of Pilates equipment, accessories, content and education worldwide. The company’s innovative education and certification programs for fitness instructors operate under several global brands including STOTT PILATES®, ZEN•GA®, Total Barre®, Halo® Training, Merrithew Fascial Movement, and CORE™ Athletic Conditioning and Performance Training™.
ONCAP is the mid-market private equity platform of Onex. In partnership with operating company management teams, ONCAP invests in and builds value in North American headquartered small- and medium-sized businesses that are market leaders and possess meaningful growth potential.