Mindbody completed the acquisition of ClassPass from Vista Equity Partners.

Mindbody, a provider of management software, completed the acquisition of ClassPass, a gym-hopping app, from Vista Equity Partners, a private equity and venture capital firm. As part of the deal Sixth Street, a private equity firm, agreed to invest $500m in ClassPass. “The ClassPass network includes many businesses already working with Mindbody. By combining our respective operations, we will create more seamless integrations and unlock new revenue opportunities for business owners using both services, while continuing to support all fitness, salon and spa businesses who choose to work with Mindbody or ClassPass,” Fritz Lanman, ClassPass CEO.