Investment Summary

Exits Life Time

On July 6, 2004, invested in consumer services company Life Time from Norwest Equity Partners

Investment Highlights
  • This is transaction in the Consumer Services sector.
  • This is transaction in the United States.
  • This is transaction in New York.
Investment Fate
  • Life Time was sold to a consortium of financial buyers in 2015 for 4.0B USD.

Investment Summary

Date 2004-07-06
Target Life Time
Sector Consumer Services
Sellers(s) Norwest Equity Partners
Deal Type IPO

Target

Life Time

New York, New York, United States
website
Life Time Fitness office in Fairlawn, Ohio.
Life Time Fitness office in Fairlawn, Ohio.
Life Time operates sports, athletic, fitness, and family recreation centers offering premium amenities and services in a resort-like setting. Life Time was founded in 2017 and is based in New York City.

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Seller(S) 1

SELLER

Norwest Equity Partners

Minneapolis, Minnesota, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1961
PE ASSETS 7.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Norwest Equity Partners (NEP) is a private equity firm focused on investing in growing and profitable middle-market companies. NEP targets investments in businesses valued between $30 and $250 million, typically providing $50 to $500 million of capital per investment. Funds are typically used to fund management buyouts, recapitalizations, and growth financing. Sectors of interest include manufacturing, distribution, healthcare, technology/business services, and consumer products/services. NEP is affiliated with Norwest Mezzanine Partners, an investment partnership focused on providing junior capital to middle-market companies. Norwest Equity Partners is based in Minneapolis, Minnesota and has office in New York City.


DEAL STATS #
Overall 2 of 48
Sector (Consumer Services) 1 of 1
Type (IPO) 1 of 5
State (New York) 1 of 2
Country (United States) 2 of 47
Year (2004) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2004-05-14 Airpax

Cambridge, Maryland, United States

Airpax Corporation is the manufacturer of hydraulic magnetic circuit breakers and select thermostats and temperature sensors. These products provide protection for equipment, machinery and instruments in end markets including telecommunications, wireless communication, power, information processing, HVAC, industrial and defense.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2004-09-01 Becker Underwood

Ames, Iowa, United States

Becker Underwood is a manufacturer of environmentally-friendly, specialty chemical products for the amenity turf, lawn care, aquatics, seed, and landscaping markets.

Buy $200M