M&A Deal Summary

TowerBrook Capital Partners Acquires IGNITE Fitness Holdings

On October 25, 2021, private equity firm TowerBrook Capital Partners acquired consumer services company IGNITE Fitness Holdings

Acquisition Highlights
  • This is TowerBrook Capital Partners’ 3rd transaction in the Consumer Services sector.
  • This is TowerBrook Capital Partners’ 37th transaction in the United States.
  • This is TowerBrook Capital Partners’ 1st transaction in Connecticut.

M&A Deal Summary
Date 2021-10-25
Target IGNITE Fitness Holdings
Sector Consumer Services
Buyer(s) TowerBrook Capital Partners
Deal Type Buyout (LBO, MBO, MBI)

Target

IGNITE Fitness Holdings

Orange, Connecticut, United States
IGNITE Fitness Holdings is one of the largest Planet Fitness franchises in North America, operating over 120 gyms in the U.S. and Canada serving more than 670,000 members. With c. 18.1 million members and 2,440+ stores worldwide. The company’s mission is to enhance people’s lives by providing a high-quality fitness experience in a welcoming, non-intimidating environment. IGNITE Fitness Holdings was founded in 2003 and is based in Orange, Connecticut.

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Buyer(S) 1

Buyer

TowerBrook Capital Partners

New York, New York, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2001
PE ASSETS 17.4B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

TowerBrook Capital Partners is a private equity firm focused on leveraged buyouts, leveraged build-ups and distressed situation investments throughout North America and Europe. TowerBrook prefers control-oriented investments and actively pursues complex situations that other firms may avoid. Target sectors include consumer services, distribution, beverages, pharmaceuticals, media, technology, communications, software, and healthcare. TowerBrook Capital Partners was established in 2001 and is headquartered in New York City.

DEAL STATS #
Overall 82 of 99
Sector (Consumer Services) 3 of 3
Type (Buyout (LBO, MBO, MBI)) 32 of 35
State (Connecticut) 1 of 2
Country (United States) 37 of 44
Year (2021) 9 of 11
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-15 OVHcloud

Roubaix, France

OVHcloud is an IaaS (Infrastructure as a Service) provider specializing in cloud and internet infrastructure. Since its foundation, the business has grown rapidly to become a major provider of dedicated cloud infrastructure, with more than 250,000 servers in data centers across 19 countries. OVHcloud provides services to over a million customers globally and employs a team of more than 400 dedicated research & development engineers. OVHcloud was founded in 1999 and is based in Roubaix, France.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-03 Battea

Stamford, Connecticut, United States

Battea is a provider of securities claims management services to nearly 1,000 global financial institutions, including many of the world’s largest banks, hedge funds, asset managers and buy-side investors. Battea was founded in 1997 and is based in Stamford, Connecticut.

Buy -
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