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New Deal


Announced

Clubessential and Silver Lake to acquire Innovatise.

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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branded app

Acquisition

Online and Social Platforms

Majority

Cross Border

Private Equity

Friendly

Single Bidder

Austria

Private

Pending

Synopsis

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Clubessential, a full suite provider of membership and club management solutions to country, golf, city, yacht and other private clubs, and Silver Lake, a private equity firm, agreed to acquire Innovatise, a provider of myFitApp. Financial terms were not disclosed. "Innovatise’s myFitApp branded member-app platform allows members to access live streaming and on-demand fitness classes. These solutions transform the member experience of any membership- and club-management solution and give gym operators the marketing tools to succeed,” Randy Eckels, Clubessential CEO.

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