Received a $66 Million Minority Growth Investment from
|WellnessLiving, a leading provider of a cloud-based business management software and integrated payments platform for fitness and wellness operators, announced its partnership with McCarthy Capital to accelerate its growth. In addition to McCarthy Capital leading the $46 million minority investment, CIBC Innovation Banking provided $20 million in growth financing, bringing the total raised this round to USD $66 million.|
Founded in 2013, WellnessLiving develops multi-tenant business management software to allow business owners to schedule classes, appointments and events, manage staff, process payments and increase member engagement. The Company serves an international market with customers in North America, Europe, Australia and New Zealand.
“We went through a lengthy process of selecting an investment bank, and after interviewing more than a dozen, we were immediately drawn to GLC. Not only did they demonstrate a deep understanding of payment enabled vertical SaaS businesses, and ours in particular, but more importantly, we felt an immediate connection with their deal team. Intelligence, integrity, honesty, and work ethic are qualities that I would use to describe GLC. They were instrumental in helping us find the right financing partner and transaction for our company. We felt like we were all in this together, working for the same goal, and doing whatever it took to secure an exceptional outcome. It didn’t matter if it was Sunday night or Saturday at 7am, they were always there when we needed them. They were patient, thoughtful partners in getting us to the finish line, and we couldn’t have done it without them. Throughout the entire journey, we were grateful for their deal acumen, guidance, and leadership. In short, we could not have been happier with our decision to have GLC as our partner. We would without hesitation highly recommend GLC to any business evaluating a major capital transaction.“Len Fridman, CEO, WellnessLiving
|GLC Technology Group |
GLC’s Technology Group specializes in providing sell-side M&A advisory, buy-side M&A advisory, minority and majority recapitalizations, debt and equity capital raising, and other corporate finance advisory services. The GLC Technology Group has decades of technology M&A and capital markets experience and has closed transactions with leading technology consolidators and technology focused private equity firms representing billions of dollars in aggregate transaction value for its clients.
David Bluth / Managing Director
David.Bluth@glca.com / 303.479.3855
Adam Haynes / Managing Director
Adam.Haynes@glca.com / 303.479.3842
Jim Williams / Managing Director
Jim.Williams@glca.com / 303.479.3850
GLC Advisors & Co.
GLC Advisors & Co. delivers objective, senior-level expertise to clients through a variety of advisory assignments including: Mergers & Acquisitions, equity and debt capital advisories, restructurings/recapitalizations, fairness opinions, and valuations. Offices are located in New York, San Francisco, and Denver. For more information, visit www.glca.com.