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Leonard Green, TPG and others complete take-private acquisition of Life Time Fitness

An investor group led by Leonard Green & Partners and TPG has closed its previously announced take-private buy of Chanhassen, Minnesota-based health club chain Life Time Fitness Inc. The deal is valued at more than $4 billion. Also, LNK Partners and Bahram Akradi, chairman and CEO of Life Time, were among the transaction’s key investors. As a result of the acquisition’s completion, Life Time has stopped trading on the New York Stock Exchange.

LNK Partners Appoints Business Development Partner

Consumer/retail sector-focused LNK Partners has appointed Patrick J. Boroian as a partner focused on business development. Prior to joining LNK, Boroian spent over 10 years as a partner at Brockway Moran & Partners, where he led the firm’s business development activities.

LNK Partners Names Kayvan Heravi a Managing Director

LNK Partners, a private equity firm focused on the consumer/retail sector, has promoted Kayvan Heravi from the post of principal to managing director. Heravi joined the firm at its inception in 2005. PRESS RELEASE: LNK Partners, a private equity firm focused on the consumer/retail sector, is pleased to announce the naming of Kayvan Heravi as a Managing Director. […]

Phil Marineau Joins LNK Partners

Phil Marineau has joined LNK Partners, a private equity firm focused on the consumer/retail sector, as a partner. He most recently was president of Quaker Oats Co., and previously served as CEO for both Levi Strauss & Co. and Pepsi North America.

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