Equinox Eyes IPO in SPAC Merger

Image: Equinox

Equinox is back at the bargaining table, exploring a SPAC merger with Ares Acquisition Corp to take the fitness operator public, according to Bloomberg.

  • Equinox has 100 luxury health clubs globally and owns SoulCycle, Blink Fitness, and Equinox Hotels.
  • Accelerating its digital efforts, including Equinox+ and the SoulCycle at-home bike, Equinox landed an investment from private equity firm Silver Lake in early 2020.
  • The company lost $350M on $650M in revenue amid the pandemic.

Earlier this year, a potential deal with Chamath Palihapitiya’s Social Capital SPAC failed to materialize. Had it come to fruition, Equinox would have notched a $7.5B valuation.

For now, the Equinox/Ares deal remains in a preliminary stage. But, it’s not the only fitness listing to keep an eye on.

Publicly traded. BeachbodyXponential Fitness, F45 Training, and Life Time have recently IPOed, joining Planet Fitness and Nautilus in the public markets.

Next up. iFIT Health & Fitness delayed its listing after filing, and EchelonHydrow, and Tonal are reportedly eyeing an IPO in the near future.

Breaking down the business of fitness and wellness

Subscribe to receive industry headlines, trend reports, and investment activity — delivered every Tuesday.

    No thanks.