Koley Jessen Advises McCarthy Capital on Minority Investment in WellnessLiving
Koley Jessen advised McCarthy Capital, an Omaha-based private-equity firm focused exclusively on lower middle-market companies, on a minority investment in WellnessLiving, a cloud-based business management software and integrated payments platform for fitness and wellness operators. McCarthy Capital contributed $46 million to the total US$66 million raised in the funding round. The investment was made with the goal of accelerating the growth of the Thornhill, Ontario-based software company. This will include international expansion efforts, ongoing product development and the buildout of robust features for franchises and multi-location enterprises. In addition, WellnessLiving plans to add to existing partnerships and pursue accretive acquisitions as their customer base expands.
The Koley Jessen team was led by Josh Norton, along with Nickie Konen, Ben Herbers, Tyler Keyser and Francisco Gomez-Mancillas.
Click here to read McCarthy Capital’s press release.