2025年下半年健身市场更新报告
2H 2025 About Our Firm Houlihan Lokey, Inc. (NYSE:HLI) is a leading global investment bankrecognized for deliveringindependent strategic and financial advice to corporations, financial sponsors, and governments. Our firm is the trusted advisor to more top decision-makers than any other independent global investment bank. Learn more about howour advisors can serveyour needs: Financial Restructuring No. 1Global M&A Advisor No. 1 No. 1Global M&A Fairness OpinionAdvisor Over the Past 25 Years Financial andValuation Advisory Global Restructuring Advisor LeadingCapital Solutions Group 2,500+Annual Valuation Engagements 1,900+Transactions Completed Valued atMore Than $4 Trillion Collectively Our Industry Coverage Fully Integrated FinancialSponsor Coverage 29 Our clientsbenefit fromour local presenceand global reach. Senior officers dedicated tothe sponsor community in theAmericas and Europe. 1,900+ Sponsors covered, providingmarket insights and knowledgeof buyer behavior. 850+ Companies sold to financialsponsors over the past five years. AboutOurConsumer Group Houlihan Lokey’s Consumer Group has earned a reputation for providing superiorservice and achieving outstanding results in M&A advisory, capital-raising,restructuring, and financial and valuation advisory services. Industry Sector Coverage Key Factsand Figures We cover a broad array of sectors, with financial professionalsdedicated to each of our primary coverage areas. We have built a reputation as a trusted advisor to companies in the consumerindustry. We do this by combining our extensive market capabilities with our in-depthindustry knowledge to help maximize shareholder value for our clients. ~140DedicatedConsumerGroup financialprofessionals. ConsumerProducts ConsumerChannelsand Leisure Food andBeverage CONSUMER GROUP: NO. 1 FOR ALL U.S. M&A TRANSACTIONS Based on number of transactions andaccording to data provided by LSEG,Houlihan Lokey was ranked the Featured Consumer Transactions 70+ investment bank for all global consumerM&A transactions under $1 billion in 2025. Completedindustry sectortransactions inCY25. Consumer IndustryCoverage AboutOur Fitness Team Selected SubsectorCoverage The team specializes in advising a wide range ofcompanies engaged in supporting consumers intheir health and wellness pursuits. Houlihan Lokey’s Fitness practice,a subset of the Outdoor Sport &Active Lifestyle investmentbanking practice, which operateswithin the firm’s Consumer Group,has earned a reputation forproviding superior service andachieving outstanding results inM&A advisory, capital-raising,restructuring, and financial andvaluation advisory services. The global Houlihan Lokey Consumer team hasapproximately 140 dedicated financial professionalslocated in more than 11 offices worldwide, includingChicago, Dallas, Frankfurt, Los Angeles, London,Milan, Munich, New York, Paris, Tokyo, and Zurich. FitnessEquipment ConnectedFitness Equipment We are deeply experienced in advising clients acrossmore than a dozen consumer sectors,including foodand beverage, health and wellness, active lifestyle,and more. HVLP/HVLP 2.0Multi-Unit When our industry expertise is combined withextensive knowledge surrounding global channelsof trade as well as the industry’s financial, regulatory,and competitive dynamics, we are able to help ourclients analyze a full range of strategic options suchas mergers, acquisitions, divestitures, capital-raising,and asset sale transactions. Single Modality/BoutiqueMulti-Unit Featured Transactions Health andWellnessMulti-Unit Corporate FitnessBenefits Digital Fitness LeadershipOur Fitness Team Thomas EgliManaging DirectorThomas.Egli@HL.com+41 43 499 43 41 Bertrand DuquesneDirectorBertrand.Duquesne@HL.com+33 1 53 43 38 25 Christian LunnyManaging DirectorCLunny@HL.com+61 2 9662 9001 Sam FullerManaging DirectorSam.Fuller@HL.com+44 20 7550 7334 Nate PundManaging DirectorNPund@HL.com+1 214.665.8680 Guido ViggianiVice PresidentGuido.Viggiani@HL.com+41 43 499 43 39 Luke BleyAssociateLBley@HL.com+1 212.497.7881 Leland CookVice PresidentLCook@HL.com+1 214.665.8671 Seth FahnckeSenior Vice PresidentSFahncke@HL.com+1 214.220.8498 Jeremy HirschDirectorJHirsch@HL.com+1 646.259.7432 Contact Us Please reach out to us to schedule a call to discuss thisquarter’s market update or to explore how we can serveyour business needs. 2025 ConferencesEvent Highlights Three Cities. ONE Vision.Presenting Our 2026 Global Conference Series. ~8 to 101x1 Meetings perPresenting Company 600+ParticipatingCompanies 80+SectorsRepresented 130+Panels andPresentations Contact your Houlihan Lokey representative for more details. Table of Contents 09Introduction 10FeaturedSector News 12Fitness M&AHighlights 11FeaturedTransactions 13Equity MarketIndexPerformance 19Disclaimer 17PublicComparables 15PublicCompanyValuations 14 Equity MarketIndexPerformance:FitnessSubsectors FitnessMarket Update Q4 2025 Quick Facts Perf