Apollo-managed funds have agreed to make a strategic minority investment in The GoodLife Group, Canada’s leading fitness company, marking the first outside equity investment in the business and valuing the operator at about $1.46 billion. Founded in Canada and headquartered in London, Ontario, GoodLife operates more than 400 clubs nationwide under brands including GoodLife Fitness, Fit4Less, GYMVMT, Éconofitness and canfitpro, and serves roughly 1.5 million members, positioning it among the world’s largest fitness companies. The Apollo investment, made through the firm’s hybrid strategies, is intended to provide additional capital to advance GoodLife’s long-term growth plans, reinforce its market leadership and enhance member and employee experience. Founder David “Patch” Patchell-Evans will remain owner and chairman and Jeff van Haeren will continue as president and CEO, with the existing leadership team expected to lead the next phase of expansion. The transaction is subject to customary regulatory approvals and closing conditions. Guggenheim Securities acted as financial advisor to The GoodLife Group, while Jefferies served as financial advisor to Apollo. McMillan LLP acted as legal counsel to The GoodLife Group, and Paul, Weiss, Rifkind, Wharton & Garrison LLP together with Blake, Cassels & Graydon LLP acted as legal advisors to Apollo.