North Castle Partners Announces Promotions
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GREENWICH, Conn., Jan. 7, 2021 /PRNewswire/ North Castle Partners, a leading private equity firm focused on consumer businesses that promotes Healthy, Active and Sustainable Living, is pleased to announce the following five promotions: Alyse Skidmore and David Weston have been promoted to Partner, Roy Chin to Principal, and Jennifer Barsky and Alan Bui to Vice President.
Alyse Skidmore, who serves as North Castle s Chief Financial Officer and Chief Compliance Officer, has been a member of the Senior Leadership Team since 2000. She is responsible for the management of all financial, regulatory, accounting, and treasury functions. Alyse plays an integral role in limited partner communications and reporting and provides transactional support related to the NCP funds and portfolio companies.
Goldman Invests in Echelon in Bet on At-Home Fitness Amid Covid
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(Bloomberg) Goldman Sachs Group Inc. is leading a $65 million financing in Echelon Fitness, giving the bank and another investor a controlling stake in a maker of exercise machines as more people work out at home amid the pandemic.
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The Chattanooga, Tennessee-based company competes with Peloton Interactive Inc., Lululemon Athletica Inc.’s Mirror, Tonal, Tempo, Icon’s NordicTrack, Hydrow and other connected fitness companies with products such as a technology-enabled treadmill, exercise rowers and bikes that are more affordable than most rivals.
Its entry-level bike, for instance, was on sale for about $500 on Walmart’s website over the weekend, while its top-of-the-line bike retails for about $1,600 on Amazon. Peloton’s bike, by comparison, was listed at $1,895, marked down from $2,245.