A consortium led by consumer-focused investment firm L Catterton, alongside HYROX founders Christian Toetzke and Moritz Fürste, has acquired Infront’s majority stake in HYROX. Investment firm WndrCo, led by Jeffrey Katzenberg and Sujay Jaswa, is also participating in the transaction. Financial terms were not disclosed.
Infront Sports & Media first invested in the fitness race series in December 2019 and became majority owner in October 2022. Under Infront’s ownership, HYROX expanded internationally, hosting more than 100 events that attracted a reported 1.4 million participants and 1.5 million spectators across the 2025/26 season.
Infront will retain its Active Lifestyle division, which includes ties with the Abbott World Marathon Majors series – including the Sydney Marathon, Cape Town Marathon and the candidate race Shanghai Marathon – alongside event series such as B2Run, XLETIX, Muddy Angel Run and Megamarsch.
Founded in Greenwich, Connecticut, in 1989, L Catterton is a US-based private equity firm. It has made over 250 investments in brands across all segments of the consumer industry.
The buyback by founders Christian Toetzke and Moritz Fürste, backed by L Catterton and WndrCo, signals a distinct shift in strategy for HYROX as it enters its next growth phase.
By partnering with private equity rather than remaining under sports media agency Infront, the founders regain strategic control over the HYROX brand’s trajectory. Infront’s ownership was key for international scaling and operational infrastructure. The next phase for HYROX with private equity backing may bring about a phase of aggressive growth as HYROX looks to scale further.
Christian Toetzke, co-founder of HYROX, added “HYROX has built the largest mass participation fitness event series globally. In the years ahead, our priorities will be firmly focused on our Olympic aspirations, continuing to welcome millions of people to the HYROX starting line and the opportunities we can see to build and invest in new products that enhance the HYROX offering. We are grateful for the partnership with Infront up to this point and are incredibly excited for the journey that lies ahead.”
Christian Toetzke’s explicit mention of “Olympic aspirations” highlights where the founders view the ceiling for hybrid / fitness racing. Expanding from a pure mass-participation event series toward formalising a recognised Olympic sporting discipline is a multi-year effort. This requires independence, international federation engagement, and standardisation of rules and governing bodies worldwide.
Philippe Blatter, President and Chief Executive Officer of Infront, said “Over the past seven years, HYROX developed into a highly successful and fast-growing global business, delivering strong returns for Infront. Following a thorough strategic review, we have decided to divest our stake, as we believe this transaction represents the right next step as HYROX enters its next phase of development.
“Supported by a compelling offer that reflects the platform’s strength and prospects, this transaction allows Infront to realise the value created through the partnership while focusing on new growth opportunities, particularly in the Active Lifestyle sector.”
Hans-Peter Zurbruegg, Senior Vice President Active Lifestyle at Infront, added “Through its early investment and expertise in Active Lifestyle, Infront has helped HYROX evolve into a truly global mass participation phenomenon. Despite the challenges of the pandemic, HYROX delivered exceptional growth. It has been a privilege to work alongside Christian, Moritz and the entire HYROX team in shaping the future of fitness. We would like to thank them for their outstanding work and wish them continued success.”
HYROX co-founder Moritz Fürste said “This acquisition marks a pivotal next step in the rapid evolution of the HYROX success story. As co-founders, it has always been our absolute priority to shape the direction and development of HYROX and to steer the movement in the best interest of our global community. We are thrilled to have found the ideal partner in L Catterton to guide HYROX into this next chapter.”
Miray Topay, Partner at L Catterton, said “HYROX has done something rare in sport: built a genuine global community around a brand-new format. Christian and Moritz haven’t just created a race, they’ve created a category. We’re proud to back them as they take Hybrid Racing to a worldwide audience.”
Shena Willis, Managing Director at L Catterton, added “As consumer specialists L Catterton closely tracks secular trends, and we see HYROX as uniquely well positioned having created a global movement around Hybrid Racing, giving athletes in over 30 countries a place to train, compete and pursue their personal ambitions. We also value deeply the type of partnership we are privileged to have with exceptional founders such as Christian and Moritz and we have tremendous confidence in their leadership as HYROX enters this next chapter.”


















