TSL Express Daily News
The Secured Lender
SFNet's The 81st Annual Convention Issue
Intro content. Orci varius natoque penatibus et magnis dis parturient montes, nascetur ridiculus mus. Curabitur iaculis sapien sagittis, accumsan magna ut, blandit massa. Quisque vehicula leo lorem, a tincidunt eros tempor nec. In quis lacus vitae risus egestas tincidunt. Phasellus nulla risus, sodales in purus non, euismod ultricies elit. Vestibulum mattis dolor non sem euismod interdum.
-
Top 5 Apps for Organizing
Mar 7, 2019If you’re like most of us, we try to stay organized in business and life, but it gets increasingly complicated…
-
The Importance of Stretching
Mar 7, 2019Every personal trainer and athletic coach I have ever worked with has stressed the importance of stretching. When working out…
-
SFNet's 40 Under 40 Award Winners Panel Recap
Mar 6, 2019Moderator: Samantha Alexander, regional underwriting manager, Wells Fargo Capital Finance’s Corporate Asset Based Lending group and 2016 CFA 40 Under…
-
SFNet's Inaugural YoPro Leadership Summit
Mar 6, 2019The Secured Finance Network brought together the next generation of commercial finance leaders for a full day of learning and…
-
It’s a Marathon, Not a Sprint
Aug 22, 2018I was recently invited to participate in an executive panel to answer questions from a credit training class comprised of...
-
It’s Not Too Late – Five Member Benefits to Cash In On Now
Aug 1, 2018As we hit the half way mark on calendar year 2018, it is a good time to take stock and…
-
It’s Time To Break Up With Your Phone
Jul 18, 2018Do I have your attention? Let’s be honest here: do you have the attention span to read this article? Compared…
-
Lien Management – What You Need to Know
Jun 6, 2018UCC filing is the cornerstone of all loans and every lien portfolio...
-
Potential Impacts of Blockchain on Commercial Lending
Jan 15, 2018By Raja Sengupta, Executive Vice President and General Manager, Wolters Kluwer’s Lien Solutions When it comes to the rising importance…
-
How to be a Good Leader
Dec 5, 2017I know what you’re thinking…another article about how to be a good leader? The short answer is yes…but this time,…
-
Fintech and Due Diligence – Disruptors and Established Firms Evolve
Oct 30, 2017The fintech sector has gone through a number of manifestations in the past two decades.
-
A Commercial Banker’s Tickler Transition Plan
Oct 18, 2017Just do a keyword search for “bank tickler,” and you’ll quickly realize that banks are still heavily reliant on manual…
-
Understanding and Developing Your Personal Brand: Four Steps to a More Intentional Career Progression
Sep 5, 2017It is imperative for individuals to have a general idea about their future career aspirations, just as companies should have clearly defined strategies.
-
Selecting a Technology Vendor: 3 Questions to Ask
Jul 5, 2017As with anything else at your bank, selecting a technology vendor can be a challenging decision. Users from across different…
-
Why Back-Office Lending Automation Enhances Customer Satisfaction
Apr 25, 2017Every bank strives to keep its customers happy. Of course, some institutions are better at achieving this goal than…
-
The Lost Art of the Loan Purchase
Mar 2, 2017Purchasing a loan directly from a bank whether at par or discount is a not-often-used technique that is easily…
-
Audit Prep: Why a Paperless Approach Makes Sense
Feb 15, 2017How much time does your financial institution spend preparing for audits? We recently surveyed 187 community banks, and the results…
-
Back Office Support Services: Helping you approve more clients
Feb 7, 2017How many times have you come across a potential client who’s financials are either not up to date, not accurate,…
-
“All Assets” is the Key When Drafting UCC-1 Financing Statement Collateral Descriptions
Jan 30, 2017Even when prepared by outside or in-house counsel, many lenders pay close attention to draft UCC financing statements before they…
-
Paper Loan Files: Does Your Bank Know the True Cost?
Jan 12, 2017Sure, there’s a tangible cost associated with deploying an electronic loan imaging system. Software, support, and scanning hardware are just…
.jpg?sfvrsn=f1093d2a_0 "#3 -_ 1 (1)")
March 11, 2024
Source: PR Newswire
$1.8 billion in financing includes capital from new and existing investors
Equinox revenue increased 27% in 2023
NEW YORK, March 8, 2024 /PRNewswire/ -- Equinox, the authority in high performance luxury living, today announced it has secured approximately $1.8 billion in new capital to refinance maturing loans as well as to fund general corporate purposes and growth including new clubs.
The transaction, which provides Equinox with significant liquidity, was led by Sixth Street, a new investor in Equinox, and Silver Lake. It also included investments from Ares Management, HPS Investment Partners, L Catterton, and the principals of the Related Companies.
The strategic investments in Equinox come following a 27% increase in revenue in 2023 for the company. In 2023, member engagement was also higher than any previous year on record. Equinox currently operates 107 clubs globally and has a current pipeline of over 25 new locations across various major markets. The company continues to explore additional opportunities in existing and new markets, both domestic and international.
"We are seeing record performance in revenue growth and member engagement, which demonstrates our position as the global leader in high performance luxury lifestyle," said Harvey Spevak, Executive Chairman and Managing Partner of Equinox Group. "These new strategic investments from a group of world-class partners, that share our vision for the Equinox brand, will empower us to accelerate further growth through new club openings and new innovative offerings, as well as by scaling the Equinox luxury experience."
In addition to the refinancing of the maturing loans, Equinox also announced the company secured a new revolving credit facility from Goldman Sachs, Morgan Stanley, and J.P. Morgan.
Equinox was advised on the transaction by Centerview Partners, Goldman Sachs, and Kirkland & Ellis.
ABOUT EQUINOX GROUP
Equinox Group is a high-growth collective of the world's most influential lifestyle brands, which are disruptive leaders in the convergence of fitness, experiences, and community. Its mission is to restlessly seek what is next for maximizing life and boldly grow the lifestyle brands and experiences that define it. In 2019, Equinox unveiled Equinox Hotels, globally recognized as one of the 50 Best Hotels in the world, as a true culmination of its lifestyle brand promise, redefining the luxury hospitality experience to be a seamless extension of high-performance living. Equinox Group's ecosystem of brands currently includes Equinox, Equinox Hotels, SoulCycle, Blink Fitness and E by Equinox. Its creative vision and strategic growth are led by Executive Chairman and Managing Partner Harvey Spevak.