Life Time Fitness was acquired in a $4 billion sale by affiliates of Leonard Green & Partners and TPG. The transaction closed on June 10, 2015. Faegre Baker Daniels represented Life Time Fitness in the sale.
Investors acquired outstanding shares of Life Time’s common stock under the terms of the merger agreement. Other key investors included LNK Partners and Life Time’s Chairman, President and CEO, Bahram Akradi, who remained in his role.