TSG Pumps Up Planet Fitness
Planet Fitness owns more than 400 gyms and has more than 3.8 million members
Private equity firm TSG Consumer Partners LLC has made an investment in Planet Fitness, a gym chain.
Planet Fitness is known for being a low-priced health club. The company is the brand partner for NBC show “The Biggest Loser” and has 618 locations with 3.8 million members. Memberships cost $10 per month.
TSG Consumer Partners, headquartered in San Francisco, has more than $2.9 billion in capital under management. The firm focuses on food, beverage, restaurant, beauty, personal care, retail and apparel sectors. Terms of the deal weren’t disclosed.
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