{"id":3700,"date":"2018-07-27T00:00:10","date_gmt":"2018-07-27T05:00:10","guid":{"rendered":"http:\/\/www.clubinsideronline.com\/news\/?p=3700"},"modified":"2018-07-31T13:13:32","modified_gmt":"2018-07-31T18:13:32","slug":"kkr-to-acquire-the-bay-club-company","status":"publish","type":"post","link":"http:\/\/www.clubinsideronline.com\/news\/chains\/kkr-to-acquire-the-bay-club-company\/","title":{"rendered":"KKR to Acquire The Bay Club Company"},"content":{"rendered":"<p><img decoding=\"async\" loading=\"lazy\" src=\"http:\/\/www.clubinsideronline.com\/news\/wp-content\/uploads\/The-Bay-Club-300x300.png\" alt=\"The Bay Club\" width=\"300\" height=\"300\" class=\"alignnone size-medium wp-image-410\" srcset=\"http:\/\/www.clubinsideronline.com\/news\/wp-content\/uploads\/The-Bay-Club-300x300.png 300w, http:\/\/www.clubinsideronline.com\/news\/wp-content\/uploads\/The-Bay-Club-200x200.png 200w, http:\/\/www.clubinsideronline.com\/news\/wp-content\/uploads\/The-Bay-Club.png 400w\" sizes=\"(max-width: 300px) 100vw, 300px\" \/>The Bay Club<\/p>\n<p><strong>NEW YORK, N.Y.<\/strong> and <strong>SAN FRANCISCO, CA<\/strong> &#8211; KKR, a leading global investment firm, and The Bay Club Company (\u201cBay Club\u201d), a premier active lifestyle and hospitality company, announce the signing of a definitive agreement under which KKR will acquire Bay Club from York Capital Management and minority investors, including JMA Ventures and Roxborough Group. Financial details of the transaction were not disclosed.<\/p>\n<p>Founded in 1977, Bay Club operates a collection of active lifestyle campuses, welcoming more than 50,000 members throughout California. The clubs are designed with innovative amenities to support the company\u2019s focus on Fitness, Sports, Family and Hospitality.<\/p>\n<p>Bay Club is recognized as the pioneer of the urban sports resort. Over the past several years, Bay Club has assembled an experienced management team\u2014a blend of fitness, hospitality, technology, and finance veterans. Under the direction of this team, Bay Club was given the opportunity to evolve beyond the fitness industry. As a result, the Company entered the realm of hospitality by grouping complementary properties into campuses and offering its members a range of high-end lifestyle amenities typically only found at country clubs and luxury resorts.<\/p>\n<p>\u201cAt Bay Club, we are proud to have created California\u2019s leading active lifestyle community. In partnering with KKR, we are excited to build even further on what we\u2019ve accomplished thus far and bring our unique offering to even more communities across the country,\u201d said Matthew Stevens, President and CEO of Bay Club.<\/p>\n<p>\u201cBay Club\u2019s pioneering and differentiated model is one of the few scaled platforms in a large and highly fragmented health and wellness industry, where members can find options that meet all of their \u2013 and their families\u2019 \u2013 needs,\u201d said Nate Taylor, KKR Member and Head of KKR\u2019s Americas Consumer Retail team. \u201cWe\u2019re thrilled to be partnering with Matthew and the rest of Bay Club\u2019s management team.\u201d<\/p>\n<p>KKR is making the investment through separately managed accounts and its balance sheet. <\/p>\n<p>Bay Club is being advised by Morgan Stanley &#038; Co. LLC as lead financial advisor, North Point Advisors LLC as co-financial advisor, and Skadden, Arps, Slate, Meagher &#038; Flom and Brownstein Hyatt Farber Schreck, LLP as legal advisors. Simpson Thacher &#038; Bartlett is serving as legal advisor to KKR.<\/p>\n","protected":false},"excerpt":{"rendered":"<p><strong>NEW YORK, N.Y.<\/strong> and <strong>SAN FRANCISCO, CA<\/strong> &#8211; KKR, a leading global investment firm, and The Bay Club Company (\u201cBay Club\u201d), a premier active lifestyle and hospitality company, announce the signing of a definitive agreement under which KKR will acquire Bay Club from York Capital Management and minority investors, including JMA Ventures and Roxborough Group. Financial details of the transaction were not disclosed.<\/p>\n","protected":false},"author":1,"featured_media":410,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[1],"tags":[18,84],"_links":{"self":[{"href":"http:\/\/www.clubinsideronline.com\/news\/wp-json\/wp\/v2\/posts\/3700"}],"collection":[{"href":"http:\/\/www.clubinsideronline.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.clubinsideronline.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.clubinsideronline.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/www.clubinsideronline.com\/news\/wp-json\/wp\/v2\/comments?post=3700"}],"version-history":[{"count":1,"href":"http:\/\/www.clubinsideronline.com\/news\/wp-json\/wp\/v2\/posts\/3700\/revisions"}],"predecessor-version":[{"id":3701,"href":"http:\/\/www.clubinsideronline.com\/news\/wp-json\/wp\/v2\/posts\/3700\/revisions\/3701"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/www.clubinsideronline.com\/news\/wp-json\/wp\/v2\/media\/410"}],"wp:attachment":[{"href":"http:\/\/www.clubinsideronline.com\/news\/wp-json\/wp\/v2\/media?parent=3700"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.clubinsideronline.com\/news\/wp-json\/wp\/v2\/categories?post=3700"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.clubinsideronline.com\/news\/wp-json\/wp\/v2\/tags?post=3700"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}