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JW Childs Associates Acquires Majority Stake in Honors Holdings to Support Growth of Orangetheory
Friday 05 January 2018

5 January 2018 - Boston, US-based private equity firm J.W. Childs Associates, L.P. has acquired a majority interest in Florida, US-based fitness Franchiser Orangetheory Fitness franchisee Honors Holdings, LLC to support the development of Orangetheory Studios, the company said.
Terms of the transaction were not disclosed.
JW Childs said it believes its specialty retail expertise and experience will further accelerate the already strong growth trajectory of the business.
Four executives from JW Childs will join the Honors Holdings board of directors.
Orangetheory Fitness is a scientifically designed group personal training, interval fitness concept. Orangetheory Fitness has more than 1,000 franchised studios in the US and more than 15 additional countries.
Honors Holdings operates 16 studios in Georgia, Tennessee, South Carolina, Washington and Oregon.
JW Childs Associates is focussed on investing in middle-market growth companies. Since inception in 1995, JW Childs has invested in excess of USD 3.5bn of equity capital in more than 45 companies across the consumer, specialty retail and healthcare industries.
Latham and Watkins served as legal counsel to JW Childs. Davis Wright Tremaine served as legal counsel and Piper Jaffray and Co. served as financial advisor to Honors Holdings.
Date Published: 05/01/2018
Target: Orangetheory,  Fitness Franchisee Honors Holdings
Country: USA
Sector: Business and Consumer Services
Type: LBO
Status: Closed
Buyer: J.W. Childs Associates
Buyer Advisor: Latham and Watkins
Terms of the deal were not disclosed