Mindbody acquires ClassPass following US$500M investment - BPC Insights ClassPass gets acquired by Mindbodybut doesn't rule out IPO BY Felicia Hou October 13, 2021, 4:05 PM UTC Back in January 2020, New York City-based fitness startup ClassPass hit a big. Acquisition Highlights. Leading Wellness Experience Platform Mindbody to Acquire ClassPass; Announces $500 Million Strategic Investment 13th October 2021 Planned acquisition supports Mindbody's commitment to driving growth for wellness businesses, while offering consumers the world's largest fitness and wellness experience marketplace Terms of the. . SLO's Mindbody lays off workers | San Luis Obispo Tribune ClassPass and Mindbody Join Forces in a Bet on the Return of In-Person ClassPass is looking for an idea-driven content creator with a passion for making great work. About the role. The funding comes from Sixth Street, a global investment firm, and it will support further growth and product development for Mindbody. Today I'm joined by Fritz Lanman, CEO of Mindbody. Upon closing of the deal, Lanman will serve as President of ClassPass and Mindbody Marketplace, working alongside McCarter and Mindbody's executive team. You can now see your ClassPass activity straight from your Mindbody Client Acquisition dashboard. This role will assist in the creation, execution and implementation of company goals and ensure over-performance . Oct 15, 2021, 11:00 ET SAN LUIS OBISPO, Calif., Oct. 15, 2021 /PRNewswire/ -- Mindbody, the leading wellness experience technology platform, today announced it has completed the acquisition of. The acquisition will be an all-stock deal at a non-disclosed price and will integrate both businesses. . Oct 26, 2021 Earlier this month Mindbody acquired ClassPass in a rollup of two of the wellness industry's biggest tech players. Leading on Recruiting strategy across EMEA and APAC, and working with our hiring manager community . Mindbody buys workout sign-up platform ClassPass in all-stock deal - CNBC On Mindbody, Classpass and the battle to become the Uber of fitness ClassPass and. The ClassPass deal McCarter said that Mindbody had been in talks with New York-based ClassPass off and on for years about an acquisition, most recently in early 2020 following ClassPass's $285 . If you've ever signed up for a yoga or meditation class, chances are you used Mindbody. Mindbody Acquires ClassPass for Undisclosed Amount The acquisition - an all-stock deal at a non-disclosed price - will integrate both teams, with ClassPass continuing to operate its app and website. The attainment of ClassPass is an all-stock deal at a non-disclosed price. Mindbody's acquisition of ClassPass follows research and data from both companies that showed consumers are getting back to in-person wellness experiences as studios reopen. ClassPass - Frustrating | Glassdoor MindBody Acquires ClassPass | Mergr M&A Deal Summary Mindbody serves wellness professionals around the wor Mindbody Announces Executive Leadership Changes | Wellspa 360 Fritz Lanman appointed CEO at Mindbody - FitTechGlobal The move is, in part, a major bet that people are going to return to in-person workout classes. Mindbody acquires ClassPass in all-stock deal and secures - TechCrunch Mindbody, headquartered in San Luis Obispo, CA, said it has entered into an agreement to acquire ClassPass, the fitness membership subscription service. "MINDBODY's purpose is to help people lead healthier, happier lives by connecting the world to fitness, beauty and wellness," Rick Stollmeyer, the company's co-founder and CEO, said in a press release. MindBody Mergers and Acquisitions Summary | Mergr In conjunction with the acquisition, Mindbody has secured a strategic investment of $500 million from a group led by Sixth . Mindbody Completes Acquisition of ClassPass | IQ Stock Market Launched in 2013 by Payal Kadakia to compete with the traditional gym membership model, ClassPass is a subscription-based service that matches subscribers with boutique fitness, spa and beauty experiences. Mindbody's majority investor and partner, Vista Equity Partners, will retain its involvement, while the new top team will see the addition of board members from ClassPass investors L Catterton and Temasek. Mindbody CEO Josh McCarter and ClassPass CEO Fritz Lanman join CNBC's 'Squawk Box' to discuss Mindbody's acquisition of ClassPass and how the pair plan to navigate post-Covid fitness experiences. Mindbody acquires ClassPass, merger gets $500 million investment Talent Acquisition at ClassPass + Mindbody Columbus, Ohio, United States. Mindbody Raises $500M, Acquires ClassPass - Localogy Mindbody, ClassPass CEOs on acquisition and post-Covid fitness - CNBC Mindbody Content Creator - ClassPass (Part-time, fixed term) in San Our team of diverse backgrounds, perspectives and talents is truly what allows us to be great. Customer Story Unite x Mindbody and ClassPass: Train Like an Athlete When it comes to HIIT-focused training, Unite essentially stands alone in Golden, making it a unique experience for each member. At the time of the acquisition the company was creating customizable applications for iOS and Android platforms. Additionally, several markets that have fully reopened are seeing bookings on . ClassPass raised nearly $600 million in VC funding, most recently at a $1 billion valuation in early 2020, from firms like Apax Digital, L Catterton and General Catalyst. Check out the Mindbody team page here. ClassPass gets acquired by Mindbodybut doesn't rule out IPO Leading Wellness Experience Platform Mindbody to Acquire ClassPass; Announces $500 Million Strategic Investment Planned acquisition supports Mindbody's commitment to driving growth for. Video transcript [MUSIC PLAYING] - Mindbody has agreed to buy ClassPass Now,. Acquired by Vista Equity Partners (Investor) Monroe Capital LLC (Investor) on 2018-12-24 MindBody, Inc. 4051 Broad Street, Suite 220, San Luis Obispo, California 93401 United States, (877) 755-4279 www.mindbodyonline.com Profile Investors (5) M&A Activity (10) M&A Connections (4) M&A Advisors (2) Analytics Off to an Acquisitive Start: MINDBODY, Paya, ClassPass Founded in 2013 by Payal Kadakia, ClassPass connects members to millions of classes in 30 countries around the globe, and is now available as a wellness benefit with some of the world's leading employers The company is buying ClassPass, a subscription service that connects consumers with fitness classes, all the while scoring $500 million strategic investment from Sixth Street. Mindbody, a digital wellness technology platform, announced it has entered into a definitive agreement to acquire ClassPass, a monthly subscription service app-based unlimited access to fitness and wellness classes across multiple gyms and studios. Sixth Street injects $500m into Vista's MindBody amid ClassPass Mindbody Acquiring ClassPass - Athletech News Mindbody's 20 years of product innovation, research, and thought leadership fueled the boom of the boutique wellness revolution and continue to foster the growth of the global wellness industry. MINDBODY, Inc. Senior Manager, SMB Sales - ClassPass Job in Remote Lanman, who is a seasoned wellness and technology executive, will succeed Josh McCarter, who will transition to the Mindbody Board of Directors. Mindbody acquires ClassPass amid a US$500M investment to advance growth Mindbody Acquires ClassPass, Combining Two Fitness-Focused - Forbes Mindbody most known for their SaaS platform has acquired ClassPass. The acquisition follows research conducted by both companies that found consumers are getting back to in-person fitness as studios reopen after the onset of the Covid-19 pandemic. With Mindbody and ClassPass intertwined, consumers and business owners will have a seamless experience, in a time when people are eager to head back to in-person fitness classes. Behind the deal: How a Scottsdale connection proved key for Mindbody's Mindbody Announces Acquisition of ClassPass and $500M Investment Lanman was the CEO of ClassPass before Mindbody . October 18, 2021 Last week wellness platform Mindbody announced their plans to acquire ClassPass for $500 million. "This acquisition comes at a pivotal time for the wellness industry as it continues to rebound from COVID-19 related closures. Mindbody, a wellness tech company in San Luis Obispo, California, has laid off an unspecified number of workers due to the economic climate. Meet the people at ClassPass that are making our mission come to life. Sydney, New South Wales, Australia. Business Partner to all line and department managers. But just as it is today, the decision to use ClassPass will always remain entirely up to you. We highly value diversity at our company and encourage people of all different backgrounds . Classpass Sign In will sometimes glitch and take you a long time to try different solutions. The acquisition is looking to transform wellness appointment bookings. The acquisition will be an all-stock deal at a non-disclosed price and will integrate both teamswith ClassPass continuing to operate its app and website. ClassPass FAQ - support.mindbody.io Sep 2019 - Present3 years 2 months. People & Culture Manager, Asia-Pacific - Mindbody - LinkedIn Mindbody Announces Executive Leadership Changes. ClassPass helps fill classes while Mindbody provides the software that helps fitness centers run their business. The merger. Leading Wellness Experience Platform Mindbody to Acquire ClassPass ClassPass raised nearly $600 million in VC funding, most recently at a $1 billion valuation in early 2020, from firms like Apax Digital, L Catterton and General Catalyst. The research found that nearly 80% of consumers feel wellness is more important than ever. Gap Inc. brand Athleta announces partnerships with ThredUp, Simon to increase. Mindbody Completes Acquisition of ClassPass. Investor info: Mindbody was taken private by Vista Equity Partners in 2019 for $1.9 billion. Plus, we cover wellness trends, the fitness industry's recovery, and more. ClassPass is an alternative to a fitness membership that gives people the option of reserving individual studio classes and gym sessions from boutique operators. 4 min read ClassPass, the subscription-based fitness marketplace. Stand alone, autonomous People and Culture role in APAC. Mindbody acquires ClassPass as in-person fitness rebounds - Fast Company The company went public in 2015, Bloomberg reported. The ClassPass mission is to motivate people to lead inspired lives by introducing & seamlessly connecting them to enriching experiences. End-to-end recruitment for all positions. The Ohio State University Fisher College of Business . "This acquisition comes at a pivotal time for the wellness industry as it continues to rebound from COVID-19 related closures - and local and . Mindbody To Acquire ClassPass | SGB Media Online Josh McCarter joined Mindbody as chief strategy officer in 2018, following the company's acquisition of B2B business management platform Booker, of which he was co-founder and CEO. Kirkland Advises Vista Equity Partners and Mindbody on Acquisition of Mindbody + ClassPass Resources | Mindbody . The firm acquired ClassPass for an undisclosed amount in an all-stock deal, and secured a $500m round of funding for the joint entity, per TechCrunch. Mindbody's acquisition of ClassPass is a major step forward in our commitment to equip you with the tools you need to come back stronger than ever. Lanman is currently the president of Mindbody's ClassPass business unit and was CEO of ClassPass before it was acquired by Mindbody in October. Because they're private, what we don't know is whether they're profitable, or if they're losing money, and if so, how much. ClassPass is revolutionizing the fitness and wellness industry by bringing together the world's best classes and experiences into one app. Client Acquisition dashboard - Mindbody The past couple of days have been a rollercoaster at Mindbody/Classpass in the wake of the announcement of a Reduction in Force. Leading Wellness Experience Platform Mindbody to Acquire ClassPass Now that Mindbody has acquired ClassPass, many studio owners are reaching a broader audience of potential new clients. The company was the target of $1.9 billion leveraged buyout from Vista, which closed in February 2019. The acquisition will be an all-stock deal at a non-disclosed price and will integrate both teamswith ClassPass continuing to operate its app and website. Mobile Marketing Manager- ClassPass | Mindbody Mindbody Inc. - Wikipedia Quality Assurance Specialist - ClassPass | Mindbody Alongside the acquisition, Mindbody is also announcing that it has secured a $500 million investment for the merged entity, led by Sixth Street. Proactive performance management and grievances. . "This has been a decade in the making," Kadakia said in a conversation with Forbes Executive Vice President Moira Forbes immediately following the acquisition . It's designed to be a one-stop shop for your ClassPass activity, freeing up your time so you can spend it with your customers. If you're using the new Mindbody experience, you will notice your Client Acquisition screen displays in two places: Mindbody CEO on ClassPass acquisition: 'in-person class - Yahoo! In addition, the acquisition will create a one-stop-shop for both business owners and consumers. SAN LUIS OBISPO, Calif., Oct. 15, 2021 /PRNewswire/ -- Mindbody, the leading wellness experience technology platform, today announced it has completed the acquisition of ClassPass, a monthly. #158: Fritz Lanman, CEO of Mindbody | Fitt Insider It's designed to be a one-stop shop for your ClassPass activity, freeing up your time so you can spend it with your customers. And local and authentic experiences are more important to people than ever," said Josh McCarter, CEO of Mindbody. Mindbody acquires ClassPass, merger gets $500 million investment - Axios This is MindBody's 1st transaction in the Consumer Services sector. Behind the deal: How a Scottsdale connection proved key for Mindbody's In this role, you will support paid social marketing channels globally (US/CA, EMEA, APAC & LatAm), web and app and should have experience working recently, in this fast moving App space. Mindbody Completes Acquisition of ClassPass | Markets Insider Things to know Mindbody Completes Acquisition of ClassPass - PR Newswire Mindbody is acquiring ClassPass, the companies announced today. Lanman has been involved with ClassPass since 2014, leading its seed and Series A fundraising, before becoming CEO in 2017. Mindbody acquires ClassPass in all-stock deal and secures $500 - Yahoo! Mindbody Completes Acquisition of ClassPass - Yahoo! UPDATE: Missoula's ClassPass acquired by Mindbody; Missoula - KPAX Why I believe this matters in the mindbody discussion is because classpass, who has been around for only 2 years, is currently valued in the private markets at $400 million, on reported revenue of $60 Million. This is MindBody's 3rd transaction in New York. Upon closing of the deal, ClassPass CEO Fritz Lanman will serve as President of ClassPass and Mindbody Marketplace, working alongside McCarter and Mindbody's executive team. The move has been compared to Facebook's acquisition of Instagram . This graph shows your total revenue and reservations made from ClassPass. Mindbody's acquisition of ClassPass is a bet on in-person fitness Mindbody Acquires ClassPass, Combining Two Fitness-Focused Software The acquisition brings . Upon closing of the deal, Lanman will serve as President of ClassPass and Mindbody Marketplace, working alongside McCarter and Mindbody's executive team. Join to connect Mindbody. In this episode, Fritz talks about his time leading ClassPass, the acquisition by Mindbody, and his transition to the joint company's chief executive role. Mindbody to buy billion-dollar fitness company, fueling talk of new IPO The terms of that deal were not disclosed, but Mindbody did say it was the largest acquisition in the company's history, and ClassPass had been valued at around $1 billion in its last venture . Blog Post