Growth Capital • Franchising

HGGC Invests In Grand Fitness Partners

On November 18, 2021, private equity firm HGGC invested in franchising company Grand Fitness Partners

Investment Context
  • This is HGGC’s 1st transaction in the Franchising sector.
  • This is HGGC’s 38th transaction in the United States.
  • This is HGGC’s 1st transaction in New Jersey.

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Investment Summary

Date November 18, 2021
Target Grand Fitness Partners
Sector Franchising
Investor(s) HGGC
Deal Type Growth Capital

Target Company

Grand Fitness Partners

Toms River, New Jersey, United States
Grand Fitness Partners is a franchisee within the Planet Fitness system, currently operating locations across Florida, California, New Jersey, Pennsylvania, and Virginia. With a strategy centered on health & wellness, GFP strives to achieve Planet Fitness’ mission to enhance people’s lives by providing quality fitness experience in a welcoming, non-intimidating environment. Grand Fitness Partners was founded in 2010 and is based in Toms River, New Jersey.
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Investor Overview 1

Investor

HGGC

Palo Alto, California, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2007
PE ASSETS 8.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

HGGC focuses on middle-market leveraged buyouts, growth equity financings, recapitalizations, take privates, and corporate divestitures. The Firm primarily targets North American companies, but will consider international opportunities as well. HGGC looks for companies with at least $100 million in revenue. HGGC primarily targets enterprise software companies, however, the Firm will also consider opportunities in business services, consumer services, financial services, healthcare, industrial services, and information services. HGGC was formed in 2007 and is based in Palo Alto, California.


Deal Context for Investor #
Overall 44 of 52
Sector: Franchising 1 of 1
Type: Growth Capital 15 of 17
State: New Jersey 1 of 1
Country: United States 38 of 43
Year: 2021 6 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-09 Fullscript

Ottawa, Ontario, Canada

Fullscript is a free online supplement dispensary & patient adherence tool that supports practitioners & the wellness of patients at the point of care and beyond. The company helps automate refills and strengthen patient relationships from any device or even within the client's EHR. It also supports practices beyond the point of care. Adherence-boosting tools, automated marketing support, and curated patient wellness content will keep patients on track and practice top-of-mind. Fullscript was formed in 2011 and is based in Ottawa, Ontario.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-01 Waverly Advisors

Birmingham, Alabama, United States

Waverly Advisors is a fee-only registered investment adviser that serves the investment management and wealth planning needs of a diverse group of clients, including high-net-worth individuals and families, corporate retirement plans, trusts, endowments and institutions. Waverly Advisors was formed in 1999 and is based in Birmingham, Alabama.

Buy -