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New Deal


Announced

Completed

Beachbody and Myx Fitness went public via a SPAC merger with Forest Road Acquisition in a $2.9bn deal.

Financials

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Transaction Value£2,103m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Health Care Services

Friendly

online fitness platform

Merger

United States

Acquisition

Private

fitness

Domestic

Majority

Private Equity

Single Bidder

De-SPAC

Reverse Takeover

Completed

Synopsis

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Beachbody, a worldwide provider of health and fitness, and Myx Fitness, an at-home connected fitness platform, went public via a SPAC merger with Forest Road Acquisition in a $2.9bn deal. Additional investors include Fidelity Management & Research Company and Fertitta Capital. “This marks an important milestone in Beachbody’s mission to help more people achieve their goals and lead healthy, fulfilling lives. As a public company, we aim to accelerate our growth and introduce many more people to our proven fitness and nutrition solutions. With this transaction, we will deploy capital to grow our platform, add connected fitness hardware through the acquisition of Myx and continue to create the most exciting and innovative in-home fitness content," Carl Daikeler, Beachbody Co-Founder, CEO and Chairman.

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