Latham & Watkins Advises Life Time in US$590 Million Secondary Offering

Latham & Watkins Advises Life Time in US$590 Million Secondary Offering.

Latham & Watkins LLP is advising Life Time Group Holdings, Inc. (NYSE: LTH) on a $590 million secondary offering of 20 million shares by existing stockholders. The transaction is expected to close today, June 6, 2025, pending customary closing conditions.

Life Time won’t receive any proceeds from the sale, as it isn’t issuing new shares. Instead, the transaction allows current investors to reduce their holdings, with all proceeds going directly to those selling stockholders.

J.P. Morgan and BofA Securities are acting as joint underwriters and are offering the shares to the public at a set price.

Leading the legal team at Latham is partner Jason Licht, who works across both the Washington, D.C. and New York offices.

He is joined by counsel Christopher Cronin and Jessica Lennon, also based in Washington, D.C., and associates Brooke Padgett and Wyatt Wisnosky, who provided additional support throughout the transaction.

Corporate matters were handled by New York partner John Giouroukakis, while tax issues were addressed by Chicago partners Rene de Vera and Joseph Kronsnoble, with associate Jay Khurana assisting.

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