BuybackMay 6, 2026, 06:13 AM
Life Time Group to Repurchase 2.19M Shares for $62.7M
AI Summary
Life Time Group Holdings, Inc. has agreed to repurchase 2,192,500 shares of its common stock for $62,705,500 at $28.60 per share in a private transaction from certain existing stockholders. Concurrently, these selling stockholders are selling an additional 8,770,000 shares for $250,822,000 to an affiliate of Atairos Group, Inc. The company plans to fund its share repurchase with cash on hand, as part of a program approved in February 2026. Following these transactions, key institutional investors will hold reduced stakes in the company.
Key Highlights
- Life Time Group to repurchase 2,192,500 common shares for $62,705,500.
- Repurchase price set at $28.60 per share in a private transaction.
- Selling stockholders to sell 8,770,000 shares for $250,822,000 to an affiliate of Atairos Group, Inc.
- Total of 10,962,500 shares sold by selling stockholders in both transactions.
- Leonard Green & Partners to hold approximately 8.5% of common stock post-closing.
- TPG Inc. to hold approximately 6.1% of common stock post-closing.
- Partners Group (USA) Inc. to hold approximately 1.3% of common stock post-closing.
- Company intends to fund the share repurchase with cash on hand.