Life Time
Deal News | Mar 04, 2025 | Ropes & Gray
Ropes & Gray, the well-known international law firm, represented the selling stockholders, including private equity firms TPG, Leonard Green & Partners, and Partners Group, in a significant $700 million underwritten block trade in shares of Life Time Group Holdings, Inc., a company operating athletic country clubs. The transaction was announced on February 28 and concluded on March 3, 2023. Life Time, trading on the NYSE under the symbol LTH, runs over 175 athletic country clubs across the United States and Canada, promoting healthy lifestyles. The lawyer from Ropes & Gray leading the deal team was capital markets partner Tom Fraser.
Sectors
- Fitness & Wellness
- Private Equity
- Legal Services
Geography
- United States – Life Time operates a substantial number of its athletic country clubs in the United States, and the law firm Ropes & Gray is based in the U.S.
- Canada – Life Time also operates its athletic country clubs in Canada, extending its market influence beyond the U.S.
Industry
- Fitness & Wellness – Life Time Group Holdings operates athletic country clubs that focus on promoting a healthy and active lifestyle.
- Private Equity – The selling stockholders in the transaction include private equity firms such as TPG and Leonard Green & Partners.
- Legal Services – Ropes & Gray is a law firm providing legal advisory services in this block trade transaction.
Financials
- 700,000,000 – The total value of the underwritten block trade transaction for Life Time Group Holdings.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Life Time Group Holdings, Inc. | Target Company | Company | An operator of over 175 athletic country clubs across the U.S. and Canada, designed to promote health and wellness. |
| Ropes & Gray | Legal Advisor | Company | A prominent international law firm that advised selling stockholders in the transaction. |
| TPG | Selling Stockholder | Company | A leading private equity firm involved as a selling stockholder in the transaction. |
| Leonard Green & Partners | Selling Stockholder | Company | Private equity firm involved as a selling stockholder in the transaction. |
| Partners Group | Selling Stockholder | Company | Global private markets investment manager acting as a selling stockholder in the transaction. |
| Tom Fraser | Lead Partner | Person | Capital markets partner at Ropes & Gray who led the deal team for this transaction. |