Varagon Capital Partners served as administrative agent, collateral agent, lead arranger and bookrunner on a senior secured credit facility to support the acquisition of Taymax Group Holdings, a Planet Fitness franchisee, by Trilantic North America.
Taymax was founded in 2009 with the acquisition of one club in the San Antonio market. Since then, the company has grown organically to 52 clubs across the greater San Antonio, Nashville, Pittsburgh, Sacramento, Toronto and Ottawa regions. Taymax is one of the largest and fastest-growing franchisees within the Planet Fitness system.
Trilantic Capital is a private equity firm focused on control and significant minority investments in North America.
Varagon is a lender to middle market companies and private equity firms.
