Akin Gump Advises Forstmann Little in Sale of 24 Hour Fitness
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(Washington, D.C.) – Akin Gump advised Forstmann Little & Co. in the sale of 24 Hour Fitness USA, Inc. The buyers are AEA Investors, the Ontario Teachers’ Pension Plan and Fitness Capital Partners. Terms of the transaction were not disclosed.
Akin Gump litigation partner Mark MacDougall, who has served as trustee of Forstmann Little since the 2011 death of its co-founder Ted Forstmann, has been managing the firm’s wind-down. Corporate partner David D’Urso led the team advising Forstmann Little on this matter. He was joined by corporate partner Kenneth Menges and former corporate partner Patrick Dooley, labor and employment partner Donna Mezias, employee benefits partner Rolf Zaiss, litigation senior counsel Kristine Sendek-Smith, corporate counsel John Quinn and Nancy Sarmiento, corporate associates John Howell and Anthony Ameduri, and litigation associate Karen Williams.
In a statement, MacDougall said, “Today's sale of 24 Hour Fitness brings to a close the final chapter of Ted Forstmann's remarkable career as an investor.”
Founded in 1945, Akin Gump Strauss Hauer & Feld LLP is a leading international law firm with more than 850 attorneys in offices throughout the United States, Europe, Asia and the Middle East.
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