Life Time Group Holdings, Inc. agreed to repurchase 2,192,500 shares of its common stock for $62.7 million from existing stockholders, funded by cash on hand under its February 2026 repurchase program.
Key takeaways
Company to repurchase 2,192,500 shares at $28.60 per share for $62,705,500 from Selling Stockholders including Leonard Green & Partners affiliates.
Selling Stockholders also selling 8,770,000 shares to Atairos Group affiliate at same $28.60 price for $250,822,000.
Post-transaction ownership: Leonard Green funds ~8.5%, TPG funds ~6.1%, Partners Group funds ~1.3% of Common Stock.
Share Repurchase funded with cash on hand pursuant to board-approved program from February 2026.
Investor Purchase to settle in two tranches after HSR waiting period and customary conditions.