An investor said to be pushing for a take-private of fitness company Xponential Fitness is also exploring a potential purchase of the business, according to people familiar with the matter. The company owns studio brands including Club Pilates and Pure Barre.
Bloomberg reports that Fund 1 Investments LLC, described as Xponential’s third-largest shareholder, is involved in these discussions. The outlet frames the story around the investor’s actions and the possibility of a deal that would remove Xponential from public markets.
Seeking Alpha, in its coverage, leads with Xponential Fitness shares moving in response to the report that an investor is looking to buy the Club Pilates owner. Its emphasis is therefore more on the market reaction and the reported bid interest, rather than on additional deal structure details beyond the claim that the investor is seeking to acquire the company.
