Pinnacle US Holdings Wins Bidding for Blink Fitness Assets

Pinnacle US Holdings successfully bid for gym chain Blink Fitness’ assets for $121m following an auction on Monday, according to a court filing late Wednesday.

• The financial consideration of $121m is subject to certain adjustments, plus assumption of certain liabilities, as set forth in the Revised Stalking Horse APA, the filing added
• Note: Pinnacle was the stalking horse bidder
• Earlier stories:
  • Equinox-Owned Blink Fitness Files for Chapter 11 Bankruptcy (1)
  • Blink Fitness Gets $105 Million Sale Offer From UK’s PureGym (2)

To contact the reporters on this story:
Reshmi Basu in New York at rbasu18@bloomberg.net;
Harry Suhartono in ...