Life Time Group Holdings, Inc. announced that it has agreed to repurchase an aggregate of 2.19 million shares of its common stock at a price of $28.60 per share from certain existing stockholders, including affiliates of Leonard Green & Partners, L.P., TPG Inc. and Partners Group (USA) Inc., for an aggregate purchase price of $62.7 million in a private transaction.
In addition, selling stockholders informed the company that they have agreed to sell 8.8 million shares of the company’s common stock at a price of $28.60 per share for an aggregate purchase price of $250.8 million to an affiliate of Atairos Group, Inc. in a private transaction for a total of 10.96 million shares sold by the selling stockholders.
Following the closings of the share repurchase and the investor purchase, funds associated with Leonard Green & Partners, L.P., funds associated with TPG Inc. and funds associated with Partners Group (USA) Inc. will hold approximately 8.5 percent, 6.1 percent and 1.3 percent, respectively, of the company’s common stock (based on 222,602,738 shares outstanding as of May 1, 2026).
The company intends to fund the share repurchase with cash on hand. The share repurchase is being conducted pursuant to the company’s stock repurchase program approved by its board of directors in February 2026.
The investor purchase is expected to be settled in two tranches, with the second tranche of shares of common stock related to the investor purchase expected to be acquired after satisfaction of customary closing conditions, including that the applicable waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 has expired or been terminated.
On Monday, shares of Life Time rose $3.10, or 11.8 percent, to close at $29.38 after the fitness club operator posted better-than-expected first-quarter results.
Image courtesy Life Time
