Alaris Equity Partners completed a strategic recapitalization with Ohana Growth Partners, a leading Planet Fitness® franchisee.

This transaction involved Alaris exchanging US$130 million of its existing preferred and common equity in Ohana for US$59.7 million in senior convertible preferred equity, yielding 14 percent annually, and US$70.3 million in new common equity.

Additionally, Alaris secured a US$120 million investment from a third-party private equity investor, bringing its total managed investment assets to over $2.2 billion. As a result, Alaris now holds a controlling interest in Ohana, marking its first control investment and reflecting a significant milestone in its asset management strategy.