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Kirkland & Ellis Advised TPG Growth’s portfolio Company Crunch Fitness On Strategic Investment By Leonard Green & Partners

Kirkland & Ellis advised TPG Growth’s portfolio company Crunch Fitness on strategic investment by Leonard Green & Partners
Kirkland & Ellis advised TPG Growth and its portfolio company Crunch Fitness, on a strategic investment from Leonard Green & Partners (LGP), a leading private equity investment firm. The transaction was announced April 15, 2025 and is subject to customary closing conditions and regulatory approvals.
TPG Growth is the middle market and growth equity platform of global alternative asset management firm TPG.
Crunch Fitness is a globally recognized powerhouse in the fitness industry.
Under the terms of the agreement, Leonard Green & Partners will acquire a majority interest in Crunch Fitness from TPG Growth and Crunch’s minority shareholders. The transaction was announced on April 15, 2025, and remains subject to customary closing conditions and regulatory approvals.
The Kirkland team team advising on the transaction included Maggie Flores (Corporate Lawyer), Michael Weisser (Corporate Lawyer), Ned Schultheis (Corporate Lawyer), Siqi Li, Brandon Okun (Corporate Lawyer) and Hunter Johnson (Corporate Lawyer).
Other members involved: Jared Rusman (Tax Lawyer), William Dong (Tax Lawyer), Eli Kukharuk (Tax Lawyer), (Debt Finance Lawyer) Paul Rezvani (Debt Finance Lawyer), Matthew Wood (Executive Compensation Lawyer), Norman Armstrong (Antitrust & Competition Lawyer) and Lauren Taylor (Antitrust & Competition Lawyer).
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