Ropes & Gray Advises TPG in Acquisition of Life Time Fitness
Ropes & Gray represented TPG in its definitive agreement to acquire Life Time Fitness Inc. in a transaction announced March 16. Affiliates of TPG joined with affiliates of Leonard Green & Partners in the acquisition, which is valued at more than $4 billion. Additional investors included LNK Partners and current Life Time Fitness CEO Bahram Akradi. Life Time Fitness operates 113 fitness centers under the LIFE TIME FITNESS® and LIFE TIME ATHLETIC® brands in the United States and Canada.
The Ropes & Gray team included private equity partner William Shields, finance partner Alexander Zeltser and private equity associate Marc Migliazzo.