Morgan Stanley Capital Partners Acquires Impact Fitness
June 11 2019 - 9:51AM
Dow Jones News
By Colin Kellaher
A private-equity arm of Morgan Stanley (MS) on Tuesday said it
acquired gym operator Impact Fitness from Bain Capital and Bridges
Fund Management for an undisclosed amount.
Morgan Stanley Capital Partners, a middle-market focused
private-equity team within Morgan Stanley Investment Management,
said it acquired Impact in partnership with the gym operator's
management team.
Impact, based in Brighton, Mich., is a Planet Fitness franchisee
that operates 29 gyms in the U.S. and Canada.
Bain acquired a majority stake in Impact in 2017 in one of the
first deals for Bain Capital Double Impact, the private-equity
firm's socially conscious investment fund.
Write to Colin Kellaher at colin.kellaher@wsj.com
(END) Dow Jones Newswires
June 11, 2019 09:36 ET (13:36 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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