Leonard Green, TPG to Take Life Time Fitness Private

Wall Street Journal · 3/16/2015

Gym operator Life Time Fitness Inc. LTM 2.11%increase; up pointing triangle agreed to be acquired by private-equity firms TPG and Leonard Green & Partners L.P. for more than $2.8 billion, in one of the largest U.S. leveraged buyouts so far this year.

Leonard Green and TPG prevailed over other bidders, such as a group that included KSL Capital Partners LLC, according to people familiar with the matter.

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