Towergate sells 17.9% of shares to LA Fitness owner
Towergate has been partially bought out by LA Fitness-owner Madison Dearborn Partners.
MDP has bought 17.9% of the shares in Towergate, making it the second biggest shareholder behind Highbridge.
Other shareholders in the company are KKR and Bain, and the four firms together own 95.3%
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