Leonard Green & Partners is a Los Angeles PE firm with roughly $70 billion under management, known for consumer and retail buyouts: its history includes Life Time's $4.3B take-private. On Ferret it owns the majority of both PureGym (which absorbed Blink Fitness) and Crunch Fitness.
Assets under management: ~$70B (2025) · 2 companies on Ferret
PureGym
Fitness · 56+ locations — PureGym is the UK budget-gym giant that bought Blink Fitness out of bankruptcy for $121M. It erased the Blink brand from its own storefronts. The site now just redirects to PureGym.
Crunch Fitness
Fitness · 550+ locations — Crunch Fitness started as a Greenwich Village aerobics basement in 1989. It's now a 550-gym PE asset, passed from TPG to Leonard Green & Partners, with a California wage-suit trail behind it.