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Planet Fitness Attracts Private Equity Interest

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Fitness club chains have been doing quite well of late, expanding rapidly and substituting for more traditional anchors at malls and shopping centers. So it comes as no surprise that TSG Consumer Partners filed documents with the Federal Trade Commission outlining its plans to invest in Planet Fitness, according to CNN Money.

While Planet Fitness is a privately-held company and does not release its performance metrics, the chain has been opening dozens of new locations recently. As such, it would seem to fit the investment criteria pursued by most private equity firms in today's market.

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Elaine Misonzhnik

Senior associate editor Elaine Misonzhnik has been writing for National Real Estate Investor since June 2006 and has covered commercial real estate for more than 12 years. She first became...
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