YYoga Announces Significant Financing and Expansion Within Vancouver and Toronto Markets
$9.0 Million Financing Secured With Fiore Capital Corporation, Beedie Capital Partners and Private Investors
(firmenpresse) - VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 02/02/12 -- CEO is pleased to announce that the -based leading Canadian and company is expanding, supported by a $9.0 million capital raise led by Fiore Capital Corporation and Beedie Capital Partners. These two institutional investors were joined by a number of private individual investors from across North America.
The completion of the $9.0 million capital raise is targeted primarily towards 's expansion into , and its continued expansion within the market.
currently operates seven centers throughout British Columbia; running over 700 classes per week and has announced two new -based locations to open in the next twelve months.
was founded by Lara Kozan and in 2007 and has since become one of the premier destinations in the nation, repeatedly voted the #1 Studio in the Lower Mainland and receiving international attention and accolades from centers as diverse as New York and Japan.
According to McBride, "We are thrilled to expand the community right here at home in and can't wait to provide an environment centered on, committed to quality and rooted in community to . is about so much more than , we support individuals and communities in their commitment to health and vitality."
"We are pleased to invest in 's #1 studio network and looks forward to working with the team to help it expand its platform in the Lower Mainland as well as bring the experience to consumers across North America," Fiore Capital Corporation.
According to Beedie Capital's Managing Partner, Randy Garg, who will also be joining the Board of :
"We are very pleased to be participating in this current round of financing for . As a previous early investor in the company, we have been very impressed by the levels of growth seen in each of the current centers, and firmly believe the platform is now uniquely positioned for expansion into other key markets."
About YYoga
is a -based leading Canadian and company, committed to providing an environment centered on and quality. Currently offering over 700 classes per week across British Columbia, the company is now expanding into the market and adding further B.C. centers. is committed to supporting healthy lifestyles and communities across the nation.
About Fiore Capital Corporation
Fiore Capital Corporation operates as a private financial advisory firm, managing a broad portfolio of private equity investments across North America. Fiore Capital is controlled by Frank Giustra and is focused on investment opportunities where its capital can assist entrepreneurs and management teams to grow their businesses to the next level of success.
About Beedie Capital Partners
Beedie Capital Partners manages the private, non-real estate investments of the Beedie Group of Companies; the largest industrial landlord in British Columbia. Beedie Capital Partners is fully funded by internal resources, and invests both mezzanine debt and equity into growth and expansion stage opportunities.
Contacts:
YYoga
Lisa Moore
Director of Marketing
604.736.6002 ext. 115
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Datum: 02.02.2012 - 13:00 Uhr
Sprache: Deutsch
News-ID 110350
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VANCOUVER, BRITISH COLUMBIA
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Personal Care & Fitness
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