As of June last year, the company had as much as $1.375 billion in debt and was planning on issuing another $150 million, according to a ratings opinion issued by S&P Ratings on the offering. The valuation of the Equinox business was $9 billion at the Silver Lake deal, according to one person with knowledge of the transaction.Įquinox finances are only partially disclosed. In a deal last year with venture capital firm Silver Lake, Equinox infused its business with cash to take on Peloton, according to information compiled by S&P Global. ![]() In addition to his real estate-focused Related Companies, Ross is the owner of the NFL’s Miami Dolphins. locations including franchises, as well as the Precision Run and Pure Yoga club brands. Equinox also owns discount gym Blink, which has 100 U.S. Last year, SoulCycle introduced an at-home cycle and class subscription service to rival Peloton, which has a market cap near $34 billion. The business also owns most of SoulCycle, a competitor to Peloton, which went public in 2019. In 2019, it rolled out the first of an announced four luxury hotels, in the Ross-owned Hudson Yards development on Manhattan’s west side. Equinox, a luxury gym and fitness brand mostly owned by Steven Ross’ Related Companies since 2006, has more than 100 full-service fitness clubs globally.
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