Vision Capital and New Evolution Ventures Announce Strategic Partnership to Create a Leading, Multi-Brand Health, Fitness and Wellness Business | Business Wire

NEW YORK–(BUSINESS WIRE)–New Evolution Ventures, LLC (“NeV”), the preeminent developer and

operator of health and fitness brands. Vision Capital, the

international investor, are pleased to announce the formation of a

global investment partnership focused on the health, fitness and

wellness industries, encompassing multiple brands that incorporate

health clubs as well as nutrition, media, content and technology.

The strategy of the NeV – Vision partnership is to continue to invest in

and develop the existing NeV brand portfolio as well as to make

additional targeted investments in the health, wellness and fitness

sector. NeV was founded in 2008 by Mark Mastrov and former 24 Hour

Fitness executives Jim Rowley and Mike Feeney to focus on building,

operating and investing in innovative brands and businesses within the

health, wellness and fitness industries. Prior to NeV, Mark founded 24

Hour Fitness Worldwide in 1983, which he grew to the world’s largest

fitness company with more than 420 clubs in the United States and Asia

and revenues in excess of $1.5 billion at the time of its sale in 2005.

Mark Mastrov, Chairman of NeV, stated, “We're excited about our new

partnership with Vision Capital. Vision Capital brings an innovative

approach to the private equity business and we believe they'll be a

fantastic partner for NeV as we continue to grow our existing brand

portfolio and execute on new opportunities.”

Matt Constantino, Managing Partner of Vision Capital Americas, LLC,

stated, “We welcome Mark Mastrov and the exceptional team at NeV to this

partnership at Vision. Their track record sets them apart as the best

team in the global health and fitness industry. With our shared

commitment to innovation, we see tremendous potential for this

portfolio.”

The investment in NeV marks the continuation of Vision Capital’s growth

in the United States. Other investment activity in the Americas has

included its September 2010 acquisition of Terphane, the leading

manufacturer of specialty polyester films in Latin America, together

with other hotel and industrial investments.

About Vision Capital

Vision Capital is an international investor with an innovative approach

to private equity and a broad, flexible investment mandate. Vision

Capital has operations in Europe and the Americas and has a multi‐sector

approach with specialist expertise in financial services, industrials,

consumer and retail. Business services. For further information,

please visit www.visioncapital.com.

About NeV

New Evolution Ventures (NeV) focuses on the acquisition, development,

management and operation of fitness, media and sports entities both

domestically and internationally. Co-Founded in 2008 by Mark Mastrov,

Jim Rowley and Mike Feeney, the current team of NeV professionals is

shaping the world of fitness, media. Sports one brand at a time.

With a foundation representing over a century of business experience,

NeV currently has operations and investments in over 20 countries

worldwide. For more information, please visit www.nev.com.

Brunswick Group
Brunswick Group (US)
Mary Zimmerman / Daniel O’Donnell, 212-333-3810
or
Brunswick Group (UK)
Tom Burns / Zoe Bird, +44 (0) 20 7404 5959