Advent International Demonstrates Further Commitment to Boutique Fitness Sector Through Acquisitions of Zingfit and Triib
Summary
As part of the transaction, Zingfit’s CEO and CTO, John Bogosian and Jeremy Firesenbaum, will take on new roles as strategic advisors to TSG, helping to drive and support continuous innovation alongside the global expansion of boutique fitness. Douglas Hallstrom, Assistant Director at Advent International, commented: “ Both acquisitions present an attractive growth opportunity for TSG as we continue to build upon our presence within the boutique fitness space. Coupling this with Triib’s focus on independent, personal training and community-focused gyms furthers our ability to operate holistically across the boutique fitness sector and create scale in the ecosystem.” “ Zingfit enables boutique fitness studios to provide their members with a simple and intuitive way to book classes, buy workout gear and pay for classes, which in turn, increases customer loyalty and retention. The firm focuses on investments in five core sectors, including business and financial services; health care; industrial; retail, consumer and leisure; and technology. After 35 years dedicated to international investing, Advent remains committed to partnering with management teams to deliver sustained revenue and earnings growth for its portfolio companies.
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