Breakwater Investment Management Backs Exhale Enterprises

Breakwater Investment Management has made a “significant” growth-capital investment in Exhale Enterprises Inc., investing out of its Breakwater Structured Growth Opportunities Fund, the firm said. Terms were not released. Exhale Enterprises is a provider of mind/body fitness classes.


Breakwater Investment Management, LLC (“Breakwater”) is pleased to announce the recent closing of a significant growth-capital investment in Exhale Enterprises, Inc. (“exhale”), out of its Breakwater Structured Growth Opportunities Fund (the “Fund”). Breakwater, which serves as General Partner of the Fund, is a private investment firm that specializes in direct investments in leading middle market growth businesses.

Founded in 2003, exhale delivers award-winning mind body fitness classes (including yoga and its proprietary Core Fusion program) as well as best-in-class spa and healing therapies. Offering everything from facials to massages, waxing to healing, exhale perfectly leverages ancient and new spa practices alike. Bridal boot camps, wellbeing retreats and nutrition programming round out the wellbeing experience at exhale. Exhale is proud to offer 20 properties in 11 top markets including locations within upscale hotels and resorts such as the Gansevoort Hotels in New York and Turks & Caicos, Kimpton’s EPIC Hotel in Miami, and the Fairmont Miramar Hotel & Bungalows in Santa Monica.

“This year has been another year of active expansion for the exhale brand,” said Annbeth Eschbach, President and CEO of exhale. “The new financing from Breakwater will provide exhale with the capital needed to support our ongoing expansion, particularly through securing well-placed, profitable new unit opportunities.”

“We are thrilled that our capital will help fuel the growth plans of this leading operator of best-in-class, award-winning mind body spas,” said Saif Mansour, Managing Partner at Breakwater. “Our Fund seeks promising growth companies like exhale, which is currently at a very exciting stage of expansion, with plans to grow its premium brand through the development of additional high-end urban spas and exhale-branded amenities nationwide.”

About Breakwater Investment Management, LLC
Breakwater Investment Management is a private investment firm that specializes in direct investments in lower middle market growth businesses. The firm serves as General Partner of Breakwater Structured Growth Opportunities Fund, LP, a $100 million open-ended private investment partnership organized in August 2008 under Delaware law. The Fund’s investment objective is to generate both current income and capital appreciation through secured debt investments accompanied with equity participation rights, primarily in growth-oriented companies across a variety of industries.