Baird's Investment Banking Group is pleased to announce the following transaction:

July 2021
F45 Training Holdings, Inc.
Initial Public Offering
Baird served as a co-manager on this offering
$325.000 Million

F45 Training Holdings, Inc. (“F45” or the “Company”) (NYSE: FXLV) recently completed an initial public offering generating gross proceeds of $325 million. The Company sold 18,750,000 shares of its common stock and the selling stockholder named in the prospectus sold 1,562,500 shares at a price of $16.00 per share. In addition, the underwriters have been granted an option to purchase up to an additional 3,046,875 shares of common stock from the Company and its selling shareholders.

F45 is one of the fastest growing fitness franchisors in the United States based on number of franchises sold in the United States, focused on creating a leading global fitness training and lifestyle brand. In less than 8 years, F45 has scaled their global footprint to 2,801 total franchises sold in 63 countries. The Company offers consumers functional 45-minute workouts that are effective, fun and community-driven. F45 delivers workouts primarily through their digitally connected global network of studios, and the Company has built a differentiated, technology-enabled platform that allows them to create and distribute workouts to their global franchisee base. The Company’s vast and growing library of functional training movements allows F45 to vary workout programs to keep consumers engaged with fresh content, stay at the forefront of consumer trends and drive maximum individual results, while helping members achieve their fitness goals. F45 is headquartered in Austin, Texas.

For additional information about this transaction, please contact:

Matthew Tingler +1-312-609-4470
Joseph Pellegrini +1-704-553-6612
Chris Sciortino +1-312-609-4923
Sandy Walter +1-414-298-5118
Ryan Engelhardt +1-414-298-2637