Deal Details

Planet Fitness, Inc. (“Planet Fitness” or the “Company”) (NYSE: PLNT), a portfolio company of TSG Consumer Partners, recently completed an initial public offering of 15,525,000 shares of common stock(including full exercise of the overallotment option), at a price of $16.00 per share, generating gross proceeds of $248.4 million. Of the shares offered, 10,491,055 shares were sold by Planet Fitness and 5,033,945 shares were sold by selling shareholders. The Company will not receive any proceeds from the shares sold by the selling shareholders. The Company intends to use the net proceeds from the offering to purchase common membership interests (“Holdings Units”) in Pla-Fit Holdings, LLC from certain existing owners. There is no public market for the Holdings Units, which will have a purchase price equal to the public offering price of the Company’s Class A common stock.

Baird served as a bookrunner on this offering.