Article: Praesidian Capital Finances Planet Fitness Acquisition of World Gym International.

Combination of Leading Global Health Club Chains Results in Global Network of Approximately 400 Franchises

NEW YORK, Nov. 15 /PRNewswire/ -- Praesidian Capital Investors ("Praesidian"), a leading provider of mezzanine debt to middle market companies, has provided $3,000,000 in subordinated debt to help finance the acquisition of World Gym International by Planet Fitness, the leading value health club chain in the United States. The transaction combines Planet Fitness, the innovator and leading operator and franchisor of "value" health clubs, with World Gym, one of the most recognizable names in the health club industry. Collectively, the Company will have ...

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