Stout was engaged by ClassPass, a leading online booking and membership service that allows users to reserve, schedule, purchase access, and attend a wide range of fitness, recreation, and wellness classes. ClassPass was considering merging with Mindbody, a leading SaaS platform for global fitness, beauty, and wellness services to form a new, combined entity (“Newco”).

We performed an independent valuation analysis of ClassPass, Mindbody, and Newco using both projected cash flows via a discounted cash flow analysis and trading multiples of publicly traded companies. Our findings were presented to the board of directors to provide it with analyses in connection with its approval of the transaction.

Our analyses, due diligence, and presentation provided our client with information that was used in arriving at its decision to approve the merger.