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New Deal


Announced

Gympass to acquire Trainiac.

Financials

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

Tags

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Single Bidder

Pending

Domestic

Friendly

Private

Acquisition

personal training

Online and Social Platforms

Majority

United States

Synopsis

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Gympass, a corporate wellbeing platform, agreed to acquire Trainiac, an one-on-one personal training fitness platform. Financial terms are not disclosed. “We’re thrilled to add Trainiac to the Gympass family and see the acquisition as a pivotal decision to continue our growth as a business, whilst providing even more value to our users at a time where health and wellness are at the top of people’s priorities. The complexity of modern life means that beyond access to venues, many users require additional support, accountability and motivation to remain committed to their fitness goals. This acquisition will help us to empower our customers to get the very best out of our network by bringing a new level of personalization to the Gympass experience, and making 1-on-1 personal training more accessible than ever before,” Cesar Carvalho, Gympass Co-Founder and CEO.

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