North Castle Partners logo

North Castle Partners

North America, Connecticut, United States, Greenwich

Description

North Castle Partners is a distinguished private equity firm based in Greenwich, Connecticut, renowned for its specialized focus on the Health, Wellness & Active Living sector. Established in 1997, the firm has cultivated deep expertise in identifying and nurturing small-cap consumer brands that promote healthier lifestyles. Their investment philosophy centers on building category-leading companies by partnering closely with management teams, providing not just capital but also strategic guidance and operational support to accelerate growth and enhance market position.

The firm's investment strategy typically involves growth equity, buyouts, and recapitalizations, targeting companies with strong brand equity, proven business models, and significant growth potential within their niche. North Castle Partners is known for its hands-on approach, leveraging its extensive network and industry knowledge to help portfolio companies scale, optimize operations, and expand their market reach. They look for opportunities where their capital and strategic insights can drive substantial value creation, often transforming promising businesses into dominant players within their respective segments of the health and wellness market.

North Castle Partners typically commits initial equity investments ranging from approximately $10 million to $50 million per transaction, though larger deals may occur with co-investors. Over its history, the firm has successfully managed over $2.5 billion in capital across various funds, demonstrating a consistent ability to attract and deploy significant resources within its specialized sector. Their portfolio includes a diverse array of companies, from fitness and nutrition brands to beauty and personal care products, all aligned with their core mission of promoting health and well-being. The firm has completed over 40 platform investments and more than 100 add-on acquisitions, showcasing a robust track record of growth and consolidation within their target industries.

Investor Profile

North Castle Partners has backed more than 40 startups, with 0 new investments in the last 12 months alone. The firm has led 9 rounds, about 23% of its total and boasts 13 exits across its portfolio.

Investment Focus Highlights

  • Concentrates on Series Unknown, Private Equity, Seed rounds (top funding stages).
  • Majority of deals are located in United States, United Kingdom, Germany.
  • Strong thematic focus on Health Care, Wellness, Fitness.
  • Typical check size: $10M – $50M.

Stage Focus

  • Series Unknown (45%)
  • Private Equity (33%)
  • Seed (10%)
  • Series B (8%)
  • Series A (5%)

Country Focus

  • United States (93%)
  • United Kingdom (3%)
  • Germany (3%)

Industry Focus

  • Health Care
  • Wellness
  • Fitness
  • Manufacturing
  • Personal Health
  • Medical
  • Food And Beverage
  • Sports
  • Cosmetics
  • E-commerce
circle-line
FAQ

Frequently Asked Questions

Learn who this investor regularly partners with—both firms and angels—and explore their latest activity.

Who does North Castle Partners frequently co-invest with?

JM
North America, California, United States, Pacific Palisades
Co-Investments: 1
Goldman Sachs
North America, New York, United States, New York
Co-Investments: 1
Oak Investment Partners
North America, Connecticut, United States, Wilton
Co-Investments: 1
Verlinvest
Europe, Brussels Hoofdstedelijk Gewest, Belgium, Brussels
Co-Investments: 1
Essex Woodlands Healthcare Partners
North America, California, United States, Palo Alto
Co-Investments: 1
Unilever Ventures
Europe, England, United Kingdom, London
Co-Investments: 1
BC
North America, California, United States, Santa Monica
Co-Investments: 1
Point King Capital
Oceania, New South Wales, Australia, Sydney
Co-Investments: 1
Bain & Company
North America, Massachusetts, United States, Boston
Co-Investments: 2
Bill Silva Ventures
North America, California, United States, West Hollywood
Co-Investments: 1

Which angels does North Castle Partners often collaborate with?

AM
Europe, Berlin, Germany, Berlin
Shared Deals: 1
DC
North America, Michigan, United States, Metropolitan
Shared Deals: 1
DC
Europe, England, United Kingdom, London
Shared Deals: 1
AF
Europe, England, United Kingdom, London
Shared Deals: 1
DG
North America, New York, United States, New York
Shared Deals: 1
KS
North America, New York, United States, New York
Shared Deals: 1
GP
North America, California, United States
Shared Deals: 1
JS
North America, California, United States, Los Angeles
Shared Deals: 1
BS
North America, California, United States, Los Angeles
Shared Deals: 1
Chris Pattas
Oceania, Victoria, Australia, Melbourne
Shared Deals: 1

What are some of recent deals done by North Castle Partners?

Therabody

Dallas, Texas, United States

Therabody is a developer of medical devices for targeted vibration therapy and pain relief.

Health CareMedical DeviceTherapeutics
Private EquitySep 20, 2022
Amount Raised: $165,000,000
Glow Recipe

New York, New York, United States

The destination for natural Korean beauty, curated by industry experts

BeautyCosmeticsOnline Portals
Series UnknownOct 4, 2021
Genexa

Atlanta, Georgia, United States

Genexa is a clean medicine company that researches and develops medicine.

ManufacturingMedicalPharmaceutical
Series AJul 14, 2021
Amount Raised: $60,000,000
Echelon Fitness

Chattanooga, Tennessee, United States

Echelon Fitness offers a professional, studio quality fitness experience that clients can do on their time and in their own home.

FitnessHealth CarePersonal HealthWellness
Private EquityDec 28, 2020
Amount Raised: $65,000,000
Sparx Hockey

Acton, Massachusetts, United States

Sparx is the first true in-home skate sharpening machine. Safe, clean, easy to use & mad accurate.

Consumer Goods
Private EquityJun 9, 2020
BlueRoot Health

Middletown, Connecticut, United States

BlueRoot Health is a healthcare company that offers vitamins, supplements, nutraceuticals, nutrition, health, and wellness products.

Health CarePharmaceuticalWellness
Series UnknownJan 1, 2020
EWC Growth

Needham Heights, Massachusetts, United States

EWC Growth franchisee European Wax Center works with employees to drive growth.

Business DevelopmentFitnessProject ManagementWellness
SeedJan 1, 2020
Five Iron Golf

New York, New York, United States

Five Iron Golf has quickly re-shaped Manhattan’s golf culture, growing from our original Midtown location to a re-imagined, high-tech,

Sports
SeedJan 1, 2020
Echelon Fitness

Chattanooga, Tennessee, United States

Echelon Fitness offers a professional, studio quality fitness experience that clients can do on their time and in their own home.

FitnessHealth CarePersonal HealthWellness
Private EquityJul 18, 2019
Crunch Fitness

New York, New York, United States

Crunch Fitness is a chain of fitness clubs and gym centers that offers fitness services.

FitnessPersonal HealthWellness
Private EquityJul 11, 2019