San Francisco – Paul Hastings, a leading global law firm, represented Francisco Partners in its definitive agreement to acquire the MyFitnessPal platform from Under Armour. The MyFitnessPal platform supports over 200 million users in their ongoing health and fitness journeys.
The transaction value is $345 million, inclusive of the achievement of potential earn-out payments and subject to working capital and other customary adjustments. The transaction, which is expected to close in the fourth quarter of 2020, is subject to customary closing conditions and regulatory approvals.
The Paul Hastings team was led by Private Equity Partner Dana Kromm, and included partner Mike Kennedy, and associates Erica Lee, Meera Patel and Ryan Enchelmayer.
At Paul Hastings, our purpose is clear — to help our clients and people navigate new paths to growth. With a strong presence throughout Asia, Europe, Latin America, and the U.S., Paul Hastings is recognized as one of the world’s most innovative global law firms.