US EditionClassPass-owner Playlist, EGYM to merge in deal backed by Jared Kushner’s firm
The $7.5 billion merger combines Playlist's wellness platforms with EGYM's smart fitness technology and corporate wellness, backed by $785 million in new equity funding.
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9 Articles
Playlist and EGYM Announce Agreement to Merge and $785 Million in New Equity Investments, Bringing Together Global Leaders in Fitness and Wellness Technology
/PRNewswire/ -- Playlist, the newly launched parent brand of Mindbody, Booker, and ClassPass, and EGYM, a global innovation leader in smart fitness technology,...
The Munich-based company Egym is valued at 2.5 billion dollars and is thus regarded as a tech unicorn. In Germany, the new company primarily wants to attack a competitor.
ClassPass-owner Playlist, EGYM to merge in deal backed by Jared Kushner’s firm
Jan 15 (Reuters) – Gym booking app ClassPass owner Playlist said on Thursday it would merge with fitness-tech firm EGYM in a deal that includes equity funding of $785 million, led by Jared Kushner’s investment firm Affinity Partners. The deal, which Playlist said valued the combined entity at $7.5 billion, includes fresh investment by Affinity Partners along with existing investors such as Vista Equity Partners, Temasek, and L Catterton, the …
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