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Article: Praesidian Capital Finances Planet Fitness Acquisition of World Gym International.
- Article from:
- PR Newswire
- Article date:
- November 15, 2006
CopyrightCOPYRIGHT 2006 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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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 ...