Planet Fitness Franchisee PLNTF Holdings on Block

Although it’s unclear who’s operating the method for PLNTF, Jefferies LLC and North Level, each of which have executed quite a few health offers, are seemingly candidates to have gained the mandate. The banks didn’t reply to requests for remark.

The Planet Health Attraction

Planet Health franchisees have been on the heart of an M&A frenzy previous to the pandemic. Seeing the attraction of recurring income, Ebitda margins between 20% and 30%, a fragmented market, and rising shopper consciousness round well being and wellness, personal fairness poured cash into high-value, low-price health chains, which bundle extra providers for low-cost health club memberships.

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