Francisco Partners Acquires MyFitnessPal from Under Armour
October 30, 2020
Francisco Partners has agreed to acquire the MyFitnessPal platform from Under Armour for $345 million (including potential earn-outs), a transaction expected to close in Q4 2020 subject to customary conditions. Under Armour said the sale is part of a strategic simplification to focus on its core consumer business, while Francisco Partners plans to operate MyFitnessPal as a standalone company to pursue recurring-revenue growth.
- Buyers
- Francisco Partners
- Targets
- MyFitnessPal
- Sellers
- Under Armour, Inc.
- Industry
- Software
- Location
- California, United States
- Transaction Type
- Divestiture
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