Ropes & Gray Guides TSG PE Injection Into Planet Fitness

Law360, New York (January 18, 2013, 4:43 PM EST) -- Private equity-backed TSG Consumer Partners LLC has made a significant investment into PFIP LLC’s Planet Fitness and plans on adding muscle to the health club franchise’s national brand, according to a Friday statement.

Per the deal, TSG Consumer will help bolster Planet Fitness in expanding its locations and supporting its franchisees, according to a statement. A spokeswoman for the equity firm declined to disclose financial details of the deal or of Planet Fitness’ annual revenues on Friday, but the firm is set to greatly expand its...
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