Playlist and EGYM Announce Agreement to Merge and $785 Million in New Equity Investments, Bringing Together Global Leaders in Fitness and Wellness Technology
Jan 15 (Reuters) -
PLAYLIST AND EGYM ANNOUNCE AGREEMENT TO MERGE AND $785 MILLION IN NEW EQUITY INVESTMENTS, BRINGING TOGETHER GLOBAL LEADERS IN FITNESS AND WELLNESS TECHNOLOGY
PLAYLIST: TRANSACTION INCLUDES $785 MILLION IN NEW EQUITY INVESTMENTS AND VALUES COMBINED ENTERPRISE AT $7.5 BILLION
PLAYLIST: NEW INVESTMENT LED BY AFFINITY PARTNERS, WITH PARTICIPATION FROM CONSORTIUM OF INVESTORS LIKE VISTA EQUITY PARTNERS, TEMASEK, & L CATTERTON
PLAYLIST: PLAYLIST'S SUITE OF BRANDS TO OPERATE AS THEY DO TODAY, EGYM WILL CONTINUE ITS OPERATIONS AS UNIT WITHIN PLAYLIST PORTFOLIO
PLAYLIST: ROESCH-SCHLANDERER TO JOIN MONTI SAROYA AS CO-CHAIRMAN OF PLAYLIST
PLAYLIST: CO'S CEO & CLASSPASS FOUNDING CHAIRMAN FRITZ LANMAN & EGYM CO-FOUNDER & CEO PHILIPP ROESCH-SCHLANDERER WILL SERVE AS CO-FOUNDERS OF PLAYLIST
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