myfitnesspal francisco partners

Under Armour Inc. has agreed to sell fitness and health-tracking app MyFitnessPal to private equity firm Francisco Partners for $345 million, the … The MyFitnessPal app was first launched in 2005, growing a large fanbase before being sold to Under Armour in 2015. In October 2020, it had agreed to sell the MyFitnessPal platform at $345 million. Under Armour to sell MyFitnessPal to investment firm Francisco Partners for $345M, after buying it in 2015 for $475M, and sunsetting Endomondo, bought for $85M — Global fitness giant Under Armour announced this morning that it will be selling MyFitnessPal to investment firm Francisco Partners … Here is the email I received today. Paul Hastings LLP and Kirkland & Ellis LLP are acting as legal advisors to Francisco Partners. BALTIMORE — Under Armour, Inc. (NYSE: UA, UAA), a global leader in branded athletic performance apparel, footwear and accessories, today announced that it has entered into a definitive agreement to sell the MyFitnessPal platform to Francisco Partners. Under Armour has sold MyFitnessPal to Francisco Partners for $375 million – effectively a loss of $100m from what they bought it for. Originally acquired in 2015 , MyFitnessPal is currently reported within Under Armour’s Connected Fitness segment, which also contains the MapMyFitness and Endomondo platforms. Furthermore, Under Armour decided to sell MyFitnessPal to Francisco Partners for $345 million last year. En octubre de 2020, la aplicación MyFitnessPal volvió a cambiar de manos y ahora es propiedad de la firma de capital privado Francisco Partners. About MyFitnessPal. The MyFitnessPal platform supports over 200 million users in their ongoing health and fitness journeys. Under Armour Completes Sale Of The MyFitnessPal Platform To Francisco Partners BALTIMORE , Dec. 18, 2020 /PRNewswire/ -- Under Armour, Inc. (NYSE: UA, UAA), a global leader in branded athletic performance apparel, footwear and accessories, today announced that it has completed the sale of the MyFitnessPal platform to Francisco Partners . Under Armour is committed to making people better. ‘MyFitnessPal To our MyFitnessPal community, As part of an ongoing strategic transformation, Under Armour announced plans today to sell MyFitnessPal to Francisco Partners, a leading global private equity firm that specializes in investments in technology and technology-enabled businesses. About Francisco Partners Francisco Partners is a leading global investment firm that specializes in partnering with technology and technology-enabled businesses. Before MyFitnessPal, anyone attempting to cut calories or monitor intake had to do it the old fashioned way, with a notebook and pen. In October 2020, the MyFitnessPal app changed hands once more and is now owned by the private equity firm Francisco Partners. Under Armour Enters Into Definitive Agreement To Sell The MyFitnessPal Platform To Francisco Partners. Powered by a community of more than 80 million, MyFitnessPal is the leading resource for taking charge of daily health and provides users with a one-stop-shop to eat better and get fit. MyFitnessPal is currently reported within Under … Under Armour is set to sell the MyFitnessPal platform to Francisco Partners for about $345 million, the company announced Friday. 10/30/20. BALTIMORE, December 18, 2020 / PRNewswire / – Under Armor, Inc. (NYSE: UA, UAA), a global leader in branded athletic performance clothing, footwear and accessories, today announced that it has completed the sale of the MyFitnessPal platform to Francisco Partners.. After failing to integrate the digital platform into… The sale is a retreat for Under Armour, which paid $475 million to buy MyFitnessPal in 2015 as part of a bigger push into digital fitness apps. The firm has raised more than $24 billion and invested in more than 300 technology companies during its more than 20-year history, per the announcement. Share this article. https://www.cfo.com/ma/2020/10/under-armour-to-sell-myfitnesspal-for-345m Free online calorie counter and diet plan. MyFitnessPal helps more than 40 million people stay healthier and happier. The team applies its expertise in app and web development when working with small, mid-market, and enterprise businesses in a variety of industries, such as e-commerce, business services, and arts and entertainment. Baltimore-based athletic apparel manufacturer Under Armour Inc. Friday announced it has completed the sale of the MyFitnessPal platform to Francisco Partners. We will be updating this page as we make company decisions related to COVID-19. “We are thrilled to welcome Tricia to the MyFitnessPal family,” said Jon Lindekugel, interim MyFitnessPal CEO and Operating Partner at Francisco Partners Consulting. Under Armour said it will sell its MyFitnessPal unit to Francisco Partners in a deal valued at $345 million. At the same time, the retailer announced the sale of MyFitnessPal to investment firm Francisco Partners for $345 million. Since its launch over 20 years ago, Francisco Partners has raised over $24 billion in committed capital and invested in more than 300 technology companies, making it one of the most active and longstanding investors in the … MyFitnessPal provides powerful tools that make it easier for everyone to live a healthier life by tracking meals and physical activity. Assumedly, Francisco Partners, a renowned private equity firm, will try to improve MyFitnessPal with hopes of flipping it for a higher price. Share this article. 12/18/2020 MyFitnessPal Francisco Partners Lifestyle Companies 345.00 - - 12/9/2020 Nutrisystem Kainos Capital, MSD Private Capital Health & Fitness 575.00 - - 11/17/2020 GSM Outdoors Gridiron Capital Outdoor Products 275.00 - - Under Armour has agreed to sell fitness tracking app MyFitnessPal to private equity firm Francisco Partners for $345 million. synopsis: Anytime Fitness announced that it has purchased PumpOne, a leading mobile personal training services provider featuring the world's largest exercise image and video library. Under Armour Sells MyFitnessPal to Francisco Partners. The deal should close in Q4 2020. Under Armour Completes Sale Of The MyFitnessPal Platform To Francisco Partners. BALTIMORE - Under Armour, Inc. (NYSE: UA, UAA), a global leader in branded athletic performance apparel, footwear and accessories, today announced that it has entered into a definitive agreement to sell the MyFitnessPal platform to Francisco Partners. It has raised $24 billion to date. Recently, it completed the divestiture of its MyFitnessPal platform to Francisco Partners. Under Armour bought MyFitnessPal …

Aptiv Bangalore Contact Number, Ericsson Revenue 2019, Season Of Love Movie Dominique, Local Politician Interview, Average Monthly Temperature Auckland, Sievert Pronunciation, Nba 2k21 Boston Celtics Roster, Mandalay Bay Beach Concerts, Chicago Med Season 6 Episode 3 Watch Online, Bridge Constructor Portal Co Op, Unit Fraction Definition With Example,