Equinox Holdings, the luxury gym operator popular among financiers and celebrities, has held talks to go public by merging with a blank-check company backed by investor Chamath Palihapitiya, Bloomberg reports, citing people with knowledge of the matter.
Negotiations between Social Capital Hedosophia Holdings VI and Equinox, which also operates SoulCycle and Blink Fitness, aren’t finalized and it’s possible that discussions may not result in a deal, said one of the people, asking not to be identified because the information is private. A transaction could value the combined entity at more than $7.5 billion, one of the people said. That would include an injection from a PIPE. Read more.
