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Transactions / N•••••

L•• P••••••• Invests in N••••• to Accelerate Expansion of the Fitness Connection Health Club Chain

Platform acquisitionannouncedannounced Sep 7, 2016Fact
What happened
Platform
not an add-on on record
Control
Control
Share acquired
unknown
Industry
consumer / fitness
Target location
unknown
Seller kind
unknown
Rollover
unknown
Values, only where disclosed
Enterprise value
Not disclosed
Purchase price
Not disclosed
Equity value
Not disclosed
Target revenue
Not disclosed
Target EBITDA
Not disclosed
Multiple
Not disclosed
Parties and roles
5 named
Buy side
  • D•••• L•••••Deal partnerconfirmed
    “P••• and the N••••• team have been outstanding partners in expanding Fitness Connection,” said D•••• L•••••, a partner of LNK.
  • L•• P••••••• is a private equity firm focused on backing strong management teams who are building outstanding consumer and retail businesses.
Advisory side
  • K••••••• • E•••• L••Legal adviserconfirmed
    Legal counsel to LNK was provided by K••••••• • E••••.
Side not stated
  • P••• H•••••Managementconfirmed
    “Over the past three years, we have developed a great relationship with LNK through their investment in Fitness Connection, so when the time came for us to consider bringing in a partner of our own, it was an easy decision,” said P••• H•••••, CEO of N•••••.
  • N•••••Targetconfirmed
    L•• P••••••• Invests in N••••• to Accelerate Expansion of the Fitness Connection Health Club Chain
Evidence
L•• P••••••• Invests in N••••• to Accelerate Expansion of the Fitness Connection Health Club Chain