The Presidio Group LLC said Tuesday it closed its sale of Lindora to Solis Capital Partners and Innovate Partners. Financial terms weren’t announced. Costa Mesa, California-based Lindora provides medically supervised weight loss and weight management programs.
SAN FRANCISCO–(BUSINESS WIRE)–The Presidio Group, LLC today announced that it has completed the successful exit of its investment in Lindora, a leading proven provider of medically supervised weight loss and weight management programs. Presidio sold its interest to Solis Capital Partners, a lower middle-market private equity firm, and Innovate Partners, an operationally oriented venture capital firm. Terms of the transaction were not disclosed.
The Presidio Group’s private equity arm invested in Lindora in 2009. The exit of Lindora is the second complete exit from The Presidio Group’s current fund.
“In all of our investments, we seek to provide the resources and operational expertise that will enable our portfolio companies to develop into market leaders,” said Victor Masaya, managing director at The Presidio Group. “We wish the Lindora management team continued success as the company enters its next phase of growth and further increases its reach to people who can benefit from its products and services.”
About The Presidio Group LLC
The Presidio Group LLC is an independent financial services firm focused on wealth advisory, investment banking and private equity. The firm was founded in 1997 with the simple mission to relentlessly put the interests of its clients first. By steadfastly adhering to this philosophy, the firm has earned the trust of affluent families, organizations and businesses throughout the United States. The firm’s seasoned professionals create client relationships based on mutual respect, a commitment to durable, long-term results and a culture of accountability. Today, The Presidio Group has approximately $4.5 billion under advisement, 60 employees, and offices in San Francisco, Dallas and Washington, D.C. For additional information, please visit: www.thepresidiogroup.com.
Lindora is a leading provider of personalized medically supervised weight loss and weight management programs in North America. Lindora has more than 40 years of success in providing comprehensive weight management programs that combine diet, moderate exercise and coaching delivered online and in clinic locations throughout California. For additional information, please visit: www.lindora.com.