LOS ANGELES AND WASHINGTON, Aug. 29, 2017
YogaWorks, a Los Angeles based company that went public earlier this month, acquired two Washington, D.C. area yoga studios from Tranquil Space. Tranquil Space was founded by Kimberly Wilson in 1999 and was named as one of the top 25 yoga studios in the world by Travel & Leisure Magazine. Tranquil Space was represented for this transaction by Offit Kurman Principal Jonathan Wachs. This is the second time Mr. Wachs represented a business in the sale of studios to YogaWorks.
“I am honored we had the opportunity to assist Kimberly in selling her well organized and operated yoga studios. I am also glad YogaWorks will continue to offer high quality classes to Tranquil Space’s loyal students,” said Offit Kurman attorney Jon Wachs. “I enjoyed working with Jon Wachs and Offit Kurman throughout the sale process. He worked well with all parties involved to make it a smooth transaction,” said Kimberly Wilson. “Jon guided us with ease through what could have been a difficult process.”
ABOUT JONATHAN WACHS
Jonathan Wachs provides strategic counseling and operational advice to clients in the areas of intellectual property, commercial transactions and outsourced legal departments. As head of the firm’s Intellectual Property Group, Mr. Wachs works closely with clients to develop, register, analyze, enforce, and transfer intellectual property assets in a customized, cost-efficient, and highly effective manner. Additionally, he conducts intellectual property audits through which clients learn the nature and value of their intellectual property assets and the steps needed to protect such assets from misappropriation or dilution. As a business lawyer, he has successfully negotiated and completed several multimillion dollar business transactions and has served as general counsel to several small and midsize businesses and organizations in various industries and professions.
ABOUT OFFIT KURMAN
Offit Kurman is one of the fastest-growing, full-service law firms in the Mid-Atlantic region. With over 140 attorneys offering a comprehensive range of services in virtually every legal category, the firm is well positioned to meet the needs of dynamic businesses and the people who own and operate them. Our eleven offices serve individual and corporate clients in the Virginia, Washington, DC, Maryland, Delaware, Pennsylvania, New Jersey, and New York City regions. At Offit Kurman, we are our clients’ most trusted legal advisors, professionals who help maximize and protect business value and personal wealth. In every interaction, we consistently maintain our clients’ confidence by remaining focused on furthering their objectives and achieving their goals in an efficient manner. Trust, knowledge, confidence—in a partner, that’s perfect.
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