Bengur Bryan, a leading middle market investment banking firm, is pleased to have served as exclusive financial advisor to Ohana Growth Partners, LLC (the “Company”), a leading Planet Fitness® franchisee, on its equity recapitalization and private placement of $270 million of senior debt.
Bengur Bryan has advised Ohana for over 10 years, including the following notable transactions:
- 2014 – Placed the Company’s first institutional credit facility and arranged the Company’s first institutional equity investment, providing additional capital for growth
- 2018 – Advised the Company on its $150 million debt re-finance, a portion of the proceeds of which were used for a minority recapitalization
- 2019 – Advised the Company on a $205 million debt re-finance and minority equity recapitalization
- 2024 – Advised the Company on a $270 million debt re-finance and equity recapitalization
Since 2014, Ohana has successfully executed on its strategy, growing from 28 clubs in three markets to over 80 clubs in six markets today. More information regarding this 2024 transaction can be found here.
“We have been working with the broader team at Bengur Bryan and Exeter Street Capital Partners for over 23 years as one of their affiliates supported a growth financing of two of our Brick Bodies full-service fitness clubs in the early days. When we got the band back together in 2014, to help us finance the growth of our Planet Fitness franchise (that was seven years old at the time), we were extremely pleased with their execution and professionalism in their line of business,” said C. Victor Brick, Executive Chairman and Co-Founder of Ohana Growth Partners.
“The Bengur Bryan team has led us through three debt refinancings and two minority recaps prior to this most recent majority recapitalization with Alaris Equity Partners. We are grateful for the Exeter team’s introduction to Alaris 14 years ago and look forward to this next chapter for Ohana Growth Partners. Not only did we build a relationship based on trust and respect with the Bengur Bryan and Exeter teams, but a strong friendship that will continue for many years to come.”