Latham & Watkins Advises EGYM on US$7.5 Billion Merger With Playlist and Additional US$785 Million in New Equity Investments
Latham & Watkins LLP has advised EGYM, a Munich-headquartered global innovation leader in smart fitness technology, AI-enabled workout programming, and corporate wellness solutions on a merger with US-based Playlist, the parent brand of Mindbody, Booker, and ClassPass. The transaction values the combined enterprise at US$7.5 billion and provides for additional US$785 million in new equity investments. The new investment is led by Affinity Partners, with participation from a consortium of existing investors including Vista Equity Partners, Temasek, and L Catterton.
Closing of the transaction is subject to customary regulatory approvals.
The Latham team was led by Düsseldorf corporate partner Heiko Gotsche and Chicago corporate partner Bradley Faris, with associates Chris Freitag, Oliver Jans, Tyler Arnfelt, Meghan McDuff, Amarantha Zaniker-Gomez, Camille N'Diaye-Muller, and Noah Hellum; on tax matters by Hamburg partner Verena Seevers, Chicago partner Enrique Rene de Vera, counsel Daniel Hiemer, and associate Jeremy Cowen; on antitrust matters by Frankfurt partner Max Hauser, Washington D.C. partner Peter Todaro, Bay Area partner Joshua Holian, counsel Niklas Brüggemann, with associates David Marder, Friederike Hammwöhner, Bernie Archbold, and Rebecca Frumento; on benefits and compensation matters by Chicago partner Benjamin Rosemergy, with associates Victoria Wolfe and Tayler Evan Daniels; on data privacy matters by Houston partner Robert Brown, with associates Diya Jajal, Madhavi Nambiar, Oscar Bjartell, and Cenk Nickel; on IP matters by New York partner Jeffrey Tochner, with associates Andrew Abokhair and Jamie Eimbinder; on finance matters by Munich partner Christian Jahn and Chicago partner Cindy Caillavet Sinclair, with associates Johanna Woerle and Will Martin; on litigation matters by Chicago partner Robert Collins, with associate Emma Burnett; on real estate matters by counsel Jeffrey Anderson, with associate Michael Nieberg; on employment matters by Munich partner Tobias Leder and Chicago partner Nineveh Alkhas, counsel Florian Dehmel and Laura Waller, with associates Julian Traub and Imara Joroff; and on regulatory matters by Washington D.C. partner Erin Brown Jones, counsel Ruchi Gill, with associates Allie Gersdorf and Amulya Vadapalli.