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, Noah Hellum, Camille N'Diaye-Muller, Amarantha Zaniker-Gomez; 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 Brueggemann and Ruchi Gill, with associates David Marder, Friederike Hammwöhner, Amulya Vadapelli, Bernie Archibald, and Rebecca Frumento; on benefits and compensation matters by Chicago partner Benjamin Rosemergy with associates Tayler Daniels, Victoria Wolfe, and Imara Joroff; on data privacy by associates Diya Jajal, Madhavi Nambiar, Oscar Bjartell and Cenk Nickel; on IP matters by partner Robert Collins and associate Jamie Eimbinder; on finance matters by Munich partner Christian Jahn with associate Johanna Woerle, and on employment matters by Munich partner Tobias Leder and associate Julian Traub.