Playlist and EGYM Agree to Merge in $7.5 Billion Deal Valuing $785 Million in New Equity

Mindbody to Acquire ClassPass in All-Stock Deal and Raise $500 Million Led by Sixth Street

October 14, 2021

Cloud & SaaS

Mindbody has entered into a definitive agreement to acquire ClassPass, a monthly subscription marketplace offering access to fitness and wellness experiences worldwide, in an all-stock deal with undisclosed terms. Alongside the acquisition, Mindbody secured a $500 million strategic investment from a group led by Sixth Street, with Vista Equity Partners continuing to support Mindbody’s growth.

7NXT (Oakley Capital portfolio) Acquires 7Mind to Build Combined Fitness & Wellbeing Platform

December 22, 2023

Healthcare Services

Oakley Capital portfolio company 7NXT, which owns Gymondo, has acquired German mental wellbeing app 7Mind to create a combined digital platform for physical and mental fitness with more than 650,000 paying subscribers. The deal expands product capabilities (adding mindfulness and meditation content), diversifies the customer base into more B2B relationships (including health insurers and corporates), and creates scale for further international growth and M&A.

Coursera to Acquire Udemy in $2.5 Billion All-Stock Merger

December 18, 2025

Cloud & SaaS

Coursera and Udemy have signed a definitive merger agreement in an all-stock transaction valued at approximately $2.5 billion (implied equity value). The deal is expected to close in the second half of 2026 and combines Udemy’s AI-powered skills marketplace with Coursera’s university/industry partner network to build a larger workforce development and skills platform.

PLAYSTUDIOS Completes Merger With Acies Acquisition Corp, Becomes Public on Nasdaq

June 21, 2021

Media & Entertainment

PLAYSTUDIOS, Inc. completed its previously announced business combination with blank-check company Acies Acquisition Corp. following shareholder approval, and the combined company was renamed PLAYSTUDIOS, Inc.

PSG Equity Commits Additional $100M to Sport Alliance

November 27, 2023

Cloud & SaaS

PSG Equity has committed an additional $100 million of growth capital to Sport Alliance, the Hamburg-based provider of cloud-based ERP and membership-management software for gyms and fitness studios. The follow-on investment builds on PSG's initial $65 million 2021 investment and will support Sport Alliance's international expansion and continued product and commercial growth; Sport Alliance now serves over 8,000 facilities, supports 5.2 million members and has roughly 350 employees.

PSG Provides €60M Growth Investment in Sport Alliance

August 19, 2021

Cloud & SaaS

Hamburg-based fitness software group Sport Alliance has secured a €60 million growth investment from growth equity firm PSG. The capital will be used to accelerate product development, expand go-to-market teams, support international expansion and enable M&A activity to scale the company's cloud-based gym management platform.