The Riverside Company Completes Marena Exit with Surgical Precision

The Riverside Company (Riverside), a global private investment firm focused on the smaller end of the middle market, has sold its investment in The Marena Group (Marena), a leading global provider of compression garments, shapewear and activewear, to CenterGate Capital, an Austin, Texas-based private equity investment firm.

Headquartered in Lawrenceville, Georgia, Marena is a leading manufacturer of medical-grade compression garments, specializing in post-surgical recovery solutions for invasive and non-invasive surgeries, mastectomy, maternity and post-pregnancy, and lipedema. With a strong focus on innovation and comfort, the company offers a wide range of products designed to enhance healing, promote optimal circulation and improve patient outcomes.

“Under our hold, Marena has successfully expanded its operational reach and further built on its premium leadership position in the market,” said Riverside Managing Partner Loren Schlachet. “We worked hard to professionalize the organization, build out manufacturing capacity and expand into new geographies.”

This is another example of Riverside’s dedication to its Healthcare specialization. The firm has invested in more than 210 platform and add-on companies in the healthcare sector since 1988 as part of its private equity and structured capital strategies.

“Riverside was a great partner that worked alongside us to expand the platform while investing in our team and infrastructure to position us for long-term growth,” said Marena CEO Dale Clendon. “They supported our growth and helped us navigate the company to where we are today.”

“We enjoyed the opportunity to partner with the Marena team, and we wish them much success in their next chapter,” said RMCF Senior Partner Joe Manning. “Marena is well-positioned for its next phase of growth as we pass the baton to CenterGate.”

Working with Schlachet and Manning on the deal for Riverside were Vice President Sara Passani and Finance Director Andrew Kaufman. Managing Partner, Origination, Jeremy Holland sourced the initial Marena investment opportunity for Riverside.