The company behind ClassPass and Mindbody just got a lot bigger with a $7.5B merger

Playlist completed its merger with EGYM, creating a combined company valued at $7.5 billion.

EGYM will operate under Playlist while leadership is shared between Fritz Lanman and Philipp Roesch-Schlanderer.

The combined company will cover booking software, studio and spa platforms, consumer discovery, gym equipment, and employer wellness programs across 30+ countries.

The deal included $785 million in new investment led by Affinity Partners, Vista Equity Partners, Temasek, and L Catterton to support AI expansion and geographic growth.