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Manduka is a high-performance yoga accessories company headquartered in Los Angeles. Manduka has built a premium brand renowned for quality and performance that is endorsed by many celebrity yoga instructors and avid yoga students. Manduka sells its various product lines through an extensive distribution network and is best known for its Black Mat, widely considered the “Rolls Royce” of yoga mats. In February 2008, Channelstone led the acquisition of Manduka and remains actively involved on the board of directors. Channelstone works closely with the management team and acted as the de facto CFO for the first year to improve working capital and institute financial controls. Since the acquisition, Manduka has doubled its revenues and outperformed its cash flow projections.

www.manduka.com