Latham & Watkins Advises The Beachbody Company in its Proposed US$2.9 Billion Merger with Forest Road Acquisition Corp. and Myx Fitness
The Beachbody Company Group, LLC (The Beachbody Company, Beachbody or the Company), a worldwide leader in health and fitness, has announced its intention to become a public company by entering into a definitive three-way merger agreement with Forest Road Acquisition Corp. (NYSE: FRX) (Forest Road), a publicly traded special purpose acquisition company, and Myx Fitness Holdings, LLC (Myx Fitness or Myx), an at-home connected fitness platform featuring an industry leading bike and home studio.
Latham & Watkins LLP represents Beachbody in the transaction with a corporate deal team led by New York partner Justin Hamill, Los Angeles partner Steven Stokdyk, and New York counsel Michael Anastasio, with M&A associates Erim Tuc, Hayoon Kim, Adam Rosenthal, Anika Amin, Jordan Naftalis, and Eric Lim; and capital markets associates Kenneth Hagan, Philip Dear, and Timothy Day. Advice was also provided on intellectual property matters by Los Angeles partner Ghaith Mahmood, with associate Heather Lui; on tax matters by New York partner Lisa Watts, with associate Alan Kimball; on benefits and compensation matters by Los Angeles partner Michelle Carpenter, with associates Jordan David and Jack Chai; on data privacy and security matters by Bay Area counsel Robert Blamires, with associate Sam Maerz-Boening; on antitrust matters by Washington, D.C. partner Jason Cruise and counsel Peter Todaro.