Ropes & Gray Counsels TSG Consumer Partners on Majority Investment in Sunshine Fitness Management LLC
Ropes & Gray counseled TSG Consumer Partners, the prior majority owner of Planet Fitness, on its majority investment in Sunshine Fitness Management LLC and its affiliated entities. Sunshine Fitness is one of the largest franchisees of Planet Fitness clubs and currently operates 31 locations across Florida, Georgia and Alabama. The announcement was made December 14.
The Ropes & Gray team is led by private equity partner Paul Van Houten, tax partner David Saltzman and private equity associate Annie Sipe.