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CI Capital takes a stake in WTS International – Steven Rudnitsky named as vice chair
By Tom Walker 14 Nov 2019
Rudnitsky has been tasked with assisting WTS with its expansion plans
Private equity firm CI Capital Partners has acquired a majority interest in spa consultancy and management firm WTS International.

The deal – for which no financials were released – will see the WTS management team retaining significant equity ownership in the company. The team will also continue to lead the company.

"We have achieved remarkable growth and maintained our leadership position in the spa, lifestyle, fitness, and wellness services industries," said WTS founder and CEO Gary Henkin.

"I am very proud of all that we have accomplished and am excited to continue the company's growth trajectory through this partnership with CI Capital."

Shortly after the deal was confirmed, WTS named Steven A. Rudnitsky as vice chair of its board of directors.

An industry veteran, Rudnitsky most recently served as president and CEO of Miraval Group, where he oversaw the sale of Miraval to Hyatt Hotels Corporation. He has also held executive roles at Wyndham and Dolce and was a board member of ESPA International.

Rudnitsky has been tasked with assisting Henkin in executing WTS's expansion plans, which include pursuing "strategic add-on acquisitions".

"Steve's successful career in leading elite hospitality brands through periods of growth and transformation and in helping to build major consumer brands will be a tremendous asset to WTS as we enter this new, exciting stage of the company's history," Henkin added.


News
1 to 12 of 7316 news stories
03 Apr 2020
Airport spa operator XpresSpa is joining the efforts to combat coronavirus by offering its airport locations to the US government as testing facilities. XpresSpa is an airport spa service offering express nail, massage and hair ... More
03 Apr 2020
After seven years and a £300m investment, super-boutique hotel, The Londoner, is taking shape in the heart of the UK’s capital city. Originally scheduled for June 2020, the opening has been shifted to late 2020 ... More
02 Apr 2020
Six Senses is launching a content portal to help consumers remain solution-oriented, by supporting their physical and mental wellbeing and resilience during the coronavirus shutdown. The service will be available to everyone, whether or not ... More
02 Apr 2020
Mindfulness app provider, Headspace, is making a bid to support US-based healthcare professionals curb anxiety and stress during the coronavirus shutdown. The brand is offering a free Headspace Plus subscription to US medical personnel in ... More
01 Apr 2020
GOCO Spa Daios Cove will embrace ancient holistic healing traditions to improve health and wellbeing with visiting wellness practitioners in Crete, Greece, in Q2 2020. Located at Daios Cove Luxury Resort and Villas, the GOCO-operated ... More
01 Apr 2020
German skincare brand Babor has launched a global solidarity campaign in the face of the coronavirus lockdowns. Called #baborunited, the scheme has seen Babor ask their partner spas around the globe to donate disinfectant and ... More
31 Mar 2020
Spa software company, Zenoti, has produced insights into the impact coronavirus is having on its customers. The company has 10,000 customers in 50 countries around the world and has collected data on the impact the ... More
27 Mar 2020
Spa consultancy, TLee Spas, has unveiled Spa Alkemia at Zadún, a Ritz-Carlton Reserve, in Los Cabos, Mexico. The 30,000sq ft spa’s treatments and design are inspired by Mexican traditions and culture with a natural aesthetic. ... More
27 Mar 2020
The Tom Dixon-designed agua London spa has launched a new treatment menu drawing inspiration from British wild plants and hedgerows and the remedies that can be made from them. Five of agua London’s signature treatments ... More
26 Mar 2020
Holistic medical wellness resort The Farm at San Benito, Philippines, is offering an immune system strengthening programme designed to protect the body’s cells and enable them to fight infection. Since it opened in 2002, the ... More
26 Mar 2020
German skincare brand Babor has announced it has reached climate neutrality. The brand uses green electricity, photovoltaics, and climate-neutral renewable natural gas, production at its headquarters in Aachen, Germany, which has been carbon-neutral since 2014. ... More
25 Mar 2020
Deepak Chopra’s wellness company – Chopra – has partnered with The Well to unite people in a call to action to stay home and have hope through a free live-streamed global meditation event called H(om)e. ... More
     
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Jobs   News   Products   Magazine
NEWS
CI Capital takes a stake in WTS International – Steven Rudnitsky named as vice chair
POSTED 14 Nov 2019 . BY Tom Walker
Rudnitsky has been tasked with assisting WTS with its expansion plans
Private equity firm CI Capital Partners has acquired a majority interest in spa consultancy and management firm WTS International.

The deal – for which no financials were released – will see the WTS management team retaining significant equity ownership in the company. The team will also continue to lead the company.

"We have achieved remarkable growth and maintained our leadership position in the spa, lifestyle, fitness, and wellness services industries," said WTS founder and CEO Gary Henkin.

"I am very proud of all that we have accomplished and am excited to continue the company's growth trajectory through this partnership with CI Capital."

Shortly after the deal was confirmed, WTS named Steven A. Rudnitsky as vice chair of its board of directors.

An industry veteran, Rudnitsky most recently served as president and CEO of Miraval Group, where he oversaw the sale of Miraval to Hyatt Hotels Corporation. He has also held executive roles at Wyndham and Dolce and was a board member of ESPA International.

Rudnitsky has been tasked with assisting Henkin in executing WTS's expansion plans, which include pursuing "strategic add-on acquisitions".

"Steve's successful career in leading elite hospitality brands through periods of growth and transformation and in helping to build major consumer brands will be a tremendous asset to WTS as we enter this new, exciting stage of the company's history," Henkin added.
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After seven years and a £300m investment, super-boutique hotel, The Londoner, is taking shape in the heart of the UK’s capital city.
At Home with Six Senses launches to foster resilience during coronavirus shutdown
Six Senses is launching a content portal to help consumers remain solution-oriented, by supporting their physical and mental wellbeing and resilience during the coronavirus shutdown.
Headspace offers US healthcare professionals free access to mindfulness app
Mindfulness app provider, Headspace, is making a bid to support US-based healthcare professionals curb anxiety and stress during the coronavirus shutdown.
TCM and Pranayama residences announced for GOCO Spa Daios Cove
GOCO Spa Daios Cove will embrace ancient holistic healing traditions to improve health and wellbeing with visiting wellness practitioners in Crete, Greece, in Q2 2020.
Zenoti maps impact of coronavirus on its spa clients
Spa software company, Zenoti, has produced insights into the impact coronavirus is having on its customers.
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