Life Fitness Sold to PE Firm
Brunswick will sell its fitness business and related brands to NY-based KPS Capital Partners for about $490 million in cash in a deal expected to close later in the second quarter. Management had been hinting for the past couple of months that it might sell the division outright rather than spin it off to shareholders as originally planned. BC board members Dave Everitt and Dave Singer headed up the process that eventually culminated in the sale, and the company said it had received strong buyer interest from multiple parties. In addition to Life Fitness, the deal includes Hammer Strength, Cybex, ... Log in to view full article.