Lowenstein represented Anne Mahlum, founder and Executive Chair of the full-body, strength-training workout [solidcore], in the sale of all of her equity in the company to Kohlberg & Company.  Since [solidcore]’s founding, Mahlum has raised substantial capital from private equity firms Peterson Partners, VMG Partners, and now Kolhberg & Co., who are now the majority owners in the company.

As part of this transaction, Mahlum will award millions of dollars to her team through an incentive pool she created in 2018. All full-time employees who have been with the company for at least a year prior to the transaction will receive a portion of the proceeds that she received.

[solidcore] is a 50-minute workout that uses slow, controlled movements to break down the slow-twitch muscle fibers so that they build back stronger and leaner. Mahlum started [solidcore] as a female founder and entrepreneur with just $175,000 less than ten years ago. In the past two years, [solidcore] has expanded to include 99 studios in 24 states.

The deal team included Steven E. Siesser, Lesley P. Adamo, Sophia Mokotoff, Brooke A. Gillar, Anita L. Chapdelaine, and Alan J. Sun.

About Lowenstein Sandler LLP
Lowenstein Sandler LLP is a national law firm with over 350 lawyers based in New York, New Jersey, Palo Alto, Utah, and Washington, D.C. The firm represents leaders in virtually every sector of the global economy, with particular emphasis on investment funds, life sciences, and technology. Recognized for its entrepreneurial spirit and high standard of client service, the firm is committed to the interests of its clients, colleagues, and communities.