Leonard Green, TPG-led Group Purchases Life Time Fitness
June 12, 2015
A consortium led by Leonard Green & Partners and TPG has completed its previously announced take-private buyout of Life Time Fitness. As a result of the merger, which is valued at more than $4 billion, Life Time common stock holders received $72.10 per share in cash. Operating 115 centers under the LIFE TIME FITNESS and LIFE TIME ATHLETIC brands as of June 10, the company provides various fitness programs and centers typically open 24 hours per day, seven days a week.