Kirkland & Ellis advised TPG Growth, the middle market and growth equity platform of alternative asset firm TPG, on its partnership with company management to acquire Crunch Fitness (Crunch). Headquartered in New York City, Crunch serves over 1,300,000 members with over 300 gyms worldwide in 29 states, Puerto Rico and 4 countries. The transaction includes Crunch’s company-owned “Signature” facilities, as well as its global franchising business. Financial terms of the transaction were not disclosed.
The Kirkland team was led by transactional partners Luke Guerra and Rick Madden and associates Jennifer Yapp, Caleb Vesey and Alex Yebri; tax partner Jared Rusman; and executive compensation partner Scott Price.