Playlist, the parent company of Mindbody, Booker, and ClassPass, has agreed to merge with global smart-fitness leader EGYM. The companies announced the definitive agreement on Thursday.
$7.5 Billion Valuation and Investment Details
While closing of this transaction is subject to customary regulatory approvals, the transaction includes $785 million in new equity investments, putting the joint venture at $7.5 billion, the statement said. This venture is led by Affinity Partners, Vista Equity Partners, Temasek, and L Catterton.
Playlist’s brands will continue to operate business as usual following the closing of the transaction. Meanwhile, EGYM will continue operations as a subsidiary within the Playlist portfolio.
Mindbody Parent Playlist Merges With EGYM in $7.5B Deal
