Mindbody’s Acquisition of ClassPass

Kirkland & Ellis advised Vista Equity Partners and its portfolio company, Mindbody, in the transaction. Fried Frank served as antitrust co-counsel to ClassPass. Venable advised ClassPass.

Mindbody, the leading wellness experience technology platform, completed its acquisition of ClassPass, a monthly subscription service providing access to the world’s most extensive network of fitness and wellness experiences. The acquisition brings two of the industry’s most prominent leaders together, creating the most comprehensive technology platform for wellness business owners and the world’s largest fitness and wellness experience marketplace for consumers. Announced on October 13, 2021, the combined company also secured a $500 million strategic investment from an investment group led by Sixth Street.

Mindbody is the leading experience technology platform for the fitness, wellness, and beauty industries. Fitness studios, salons, spas, and integrative health centers—from the newest entrepreneurs to the largest franchises—use Mindbody’s integrated software and payments platform to run, market, and grow their businesses. 

ClassPass provides access to the world’s largest network of fitness and wellness providers, all with one membership. The ClassPass network includes pre-vetted exercise studios, health clubs and wellness businesses that offer a broad range of digital and in-person classes including yoga, Pilates, strength training and boxing, and wellness experiences such as massages, acupuncture, and spa treatments. 

The Kirkland team was led by corporate partners Stuart Casillas (Picture) and Simon Root and associates Lesley Hamilton, Katherine Schloss Ackerman, Aly Francini, Fareed Karbassyoon and Alexi Warren, capital markets partners Robert Goedert, Robert Hayward and Sonali Jindal, debt finance partner Doug Tedeschi and associates Matthew Demopoulos and Keith Cooper, technology & IP transactions partners John Lynn and Emma Flett and associates Sheila Salehpour, Jessica Dye and Josefin Sjoestroem, tax partner David Kung, labor and employment partner Sydney Jones and associate Jaime Wamble, employee benefits partner Robert Zitko and associate Caitlin Pyrce, executive compensation partner Rohit Nafday and associate Jordan Hartman, international trade and national security partner Mario Mancuso and associates Matt O’Hare and Faith Dibble, ESG & impact partner  Alexandra Farmer and associate Emilie Jones, real estate partner Roberto Miceli and associate Abigail Sexton, antitrust partners Marin Boney and Michael Thorpe and associate Sarahi Constantine Padilla, and senior paralegal Shiho Inouye and junior paralegal Sierra Ann Barrow.

The Fried Frank team was led by antitrust and competition partner Bernard (Barry) A. Nigro Jr. and antitrust and competition special counsel Aleksandr B. Livshits, as well as antitrust and competition associate Brendon L. Walsh.

The Venable team was led by Alexei Cowett and Friedemann Thomma.

Involved fees earner: Aleksandr Livshits – Fried Frank Harris Shriver & Jacobson; Bernard Nigro – Fried Frank Harris Shriver & Jacobson; Brendon Walsh – Fried Frank Harris Shriver & Jacobson; Katherine Ackerman – Kirkland & Ellis; Marin Boney – Kirkland & Ellis; Stuart Casillas – Kirkland & Ellis; Sarahi Constantine Padilla – Kirkland & Ellis; Faith Dibble – Kirkland & Ellis; Jessica Dye – Kirkland & Ellis; Alexandra Farmer – Kirkland & Ellis; Emma Flett – Kirkland & Ellis; Alyssa Francini – Kirkland & Ellis; Robert Goedert – Kirkland & Ellis; Jordan Hartman – Kirkland & Ellis; Robert Hayward – Kirkland & Ellis; Sonali Jindal – Kirkland & Ellis; Sydney Jones – Kirkland & Ellis; Emilie Jones – Kirkland & Ellis; Fareed Karbassyoon – Kirkland & Ellis; David Kung – Kirkland & Ellis; John Lynn – Kirkland & Ellis; Mario Mancuso – Kirkland & Ellis; Matthew Taylor Demopoulos – Kirkland & Ellis; Roberto Miceli – Kirkland & Ellis; Rohit Nafday – Kirkland & Ellis; Matthew O’Hare – Kirkland & Ellis; Caitlin Pyrce – Kirkland & Ellis; Lesley Rae Hamilton – Kirkland & Ellis; Simon Root – Kirkland & Ellis; Sheila Salehpour – Kirkland & Ellis; Abigail Sexton – Kirkland & Ellis; Josefin Sjöström – Kirkland & Ellis; Douglas Tedeschi – Kirkland & Ellis; Michael Thorpe – Kirkland & Ellis; Jaime Wamble – Kirkland & Ellis; Alexi Warren – Kirkland & Ellis; Robert Zitko – Kirkland & Ellis; Alexei Cowett – Venable LLP; Friedemann Thomma – Venable LLP;

Law Firms: Fried Frank Harris Shriver & Jacobson; Kirkland & Ellis; Venable LLP;

Clients: ClassPass; MINDBODY, Inc.; Vista Equity Partners;