Brunswick Sells Life Fitness To KPS Capital Scrapping Planned Spinoff
Brunswick (BC) announced earlier this week that private equity firm KPS Capital Partners will acquire its fitness business for $490m in cash, ending the unit’s planned spinoff. Brunswick paid over $300m for the business back in 1997, but sales have been declining over the past few years. Brunswick CEO David Foulkes noted that ‘with the sale of the… Read More »