Planet Fitness Attracts Private Equity Interest

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.