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Akin Gump Advises Kennedy Lewis Investment Management in $100 Million Investment in Empire Holdings

December 31, 2020

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(New York) – 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.

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.

Akin Gump Strauss Hauer & Feld LLP is a leading international law firm with more than 900 lawyers and advisors in offices throughout the United States, Europe, Asia and the Middle East. Founded in 1945, the firm is proudly celebrating its 75th anniversary in 2020. #AkinGump75

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