Empire Holdings and Investments, LLC, the parent company of luxury fitness brands TMPL, Palm Beach Sports Clubs and LIV, has closed on a $100 million commitment by Kennedy Lewis Investment Management LP through a senior secured first lien delayed draw term loan facility and an approximately 51 percent common stock investment. A team from Akin Gump advised Kennedy Lewis in the transaction. Empire Holdings is a wholly owned subsidiary of Town Sports International Holdings, Inc.
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The Akin Gump team advising Kennedy Lewis included Dan Fisher, head of the firm’s integrated special situations group, corporate partner Zachary Wittenberg and debt finance counsel Ryan Kim.