Life Time Fitness
Life Time Fitness operated five sports and athletic clubs in the Minneapolis/St. Paul area, when the founder had a dream to create a new “category killer” model within the health fitness industry: big box health clubs located in high growth, suburban markets.
In 1996, NEP partnered with Life Time Fitness to fund and support the growth of the company through several substantial equity investments. During the cycle of NEP’s investment, Life Time Fitness grew to be a company with $2 billion in market capitalization and 60 clubs across the country.
Life Time Fitness completed a $200 MM IPO (NYSE: LTM) in October 2004.