Investment Summary

Penfund Invests In Goodlife Fitness Centres

On December 11, 2007, mezzanine finance firm Penfund invested in consumer services company Goodlife Fitness Centres

Investment Highlights
  • This is Penfund’s 1st transaction in the Consumer Services sector.
  • This is Penfund’s 5th transaction in Canada.
  • This is Penfund’s 4th transaction in Ontario.

Investment Summary
Date 2007-12-11
Target Goodlife Fitness Centres
Sector Consumer Services
Investor(s) Penfund
Deal Type Growth Capital

Target

Goodlife Fitness Centres

London, Ontario, Canada
website
Goodlife Fitness Centres is an owner and operates 192 clubs under the GoodLife banner in Canada outside Quebec and an additional 70 clubs under the Energie Cardio banner in Quebec. Goodlife Fitness Centres was founded in 1979 and is based in London, Ontario.

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Investor(S) 1

Investor

Penfund

Toronto, Ontario, Canada

Investor Investor Investor Investor Investor

website

Category Mezzanine Finance Firm
Founded 1979
PE ASSETS 2.7B CAD
Size Large
Type Sector Agnostic
DESCRIPTION

Penfund is a private investment firm that provides equity, junior capital, and alternative financing to Canadian-based middle-market companies with EBITDA of at least C$20 million. Penfund can commit up to C$225 million per transaction. Penfund does not have any industry preferences and its investments are generally used to support growth needs, recapitalization, shareholder liquidity, acquisitions, and buyouts. Penfund was formed in 1979 and is based in Toronto.

DEAL STATS #
Overall 5 of 28
Sector (Consumer Services) 1 of 2
Type (Growth Capital) 1 of 5
State (Ontario) 4 of 10
Country (Canada) 5 of 14
Year (2007) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-10-15 TDS Automotive Canada

Mississauga, Ontario, Canada

Sequencer and sub-assembler of automotive components.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-03-25 Timothys Coffees of the World

Toronto, Ontario, Canada

Timothys Coffees of the World, Inc. is a retailer and wholesaler of premium coffee and related food items. Headquartered in Toronto, Ontario, Timothy’s is a premium coffee company that produces specialty coffee, tea and other beverages in a variety of packaged forms.

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Mergr

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