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Advent International Acquires 2 Fitness-Focussed Software Companies Zingfit and Triib
Tuesday 11 February 2020

11 February 2020 - UK-based private equity investor Advent International has acquired US software company Zingfit, and software company Triib, in coordination with Advent's portfolio company Transaction Services Group, the company said.
Terms of the transaction were not disclosed.
Both acquisitions underpin Advent's commitment to the boutique fitness sector. Upon closing Zingfit and Triib will become part of TSG.
Advent International is a private equity investors that has invested in over 350 private equity transactions in 41 countries, and as of June 30, 2019, had USD 54.3bn in assets under management.
TSG is a global provider of integrated software and payments solutions to the health and wellness and childcare sectors.
Zingfit is a Boulder, Colorado-based SaaS platform servicing boutique fitness brands across the globe.
Triib is a Boston, Massachusetts-based technology company that offers leading all-in-one gym management software for the boutique fitness industry.
Date Published: 11/02/2020
Target: Zingfit, Triib
Country: USA
Sector: Computer Software
Type: LBO
Status: Closed
Buyer: Advent International
Terms of the deal were not disclosed