Forstmann Little Earns $1.85B In Sale Of 24 Hour Fitness

By Kurt Orzeck (May 30, 2014, 10:20 PM EDT) -- Forstmann Little & Co. has reportedly sold 24 Hour Fitness Worldwide Inc. to a group of investors for $1.85 billion, completing a two-year process of winding down the buyout company.

Private investment firm Forstmann Little announced Friday that it had finished the sale of the California-based fitness company to an investment group led by AEA Investors LP and the Ontario Teachers' Pension Plan.

"We would like to express our appreciation to our limited partners, who have shown great patience in their support of 24 Hour Fitness and its management through the years, helping lead to this successful outcome," Forstmann Little general...

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