TPG Group Files 13D/A Amendment for Life Time Group Holdings

TL;DR

TPG Group updated their stake in Life Time Group Holdings. Watch for potential moves.

AI Summary

TPG GP A, LLC, along with David Bonderman, James G. Coulter, and Jon Winkelried, filed an amendment to their Schedule 13D on August 16, 2024, regarding their holdings in Life Time Group Holdings, Inc. The filing indicates a change in their beneficial ownership, though specific new dollar amounts or percentage changes are not detailed in this excerpt. The filing is an amendment to a previous filing, suggesting ongoing activity related to their investment in the company.

Why It Matters

This filing signals a potential shift in control or significant stake changes for Life Time Group Holdings, Inc., which could impact its stock price and strategic direction.

Risk Assessment

Risk Level: medium — Schedule 13D filings often precede significant corporate actions or shifts in control, which can introduce volatility.

Key Players & Entities

• TPG GP A, LLC (company) — Filing entity
• David Bonderman (person) — Group member
• James G. Coulter (person) — Group member
• Jon Winkelried (person) — Group member
• Life Time Group Holdings, Inc. (company) — Subject company
• Bradford Berenson (person) — Authorized to receive notices

FAQ

Key Financial Figures

• $0.01 — me of Issuer) Common Stock, par value $0.01 per share (Title of Class of Securiti
• $20.88 — 024 Selling Stockholders) at a price of $20.88 per share (the “ August 2024 Regi

Filing Documents

• tpga_sc13da-081624.htm (SC 13D/A) — 94KB
• 0001999371-24-010265.txt ( ) — 96KB

From the Filing

SC 13D/A 1 tpga_sc13da-081624.htm AMENDMENT TO FORM SC 13D UNITED SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13D Under the Securities Exchange Act of 1934 (Amendment No. 2) Life Time Group Holdings, Inc. (Name of Issuer) Common Stock, par value $0.01 per share (Title of Class of Securities) 53190C102 (CUSIP Number) Bradford Berenson TPG Inc. 301 Commerce Street, Suite 3300 Fort Worth, TX 76102 (817) 871-4000 (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) August 14, 2024 (Date of Event which Requires Filing of this Statement) If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box. Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See §240.13d-7(b) for other parties to whom copies are to be sent. (Continued on following pages) (Page 1 of 11 Pages) *The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page. The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“ Act ”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes ). CUSIP No. 53190C102 SCHEDULE 13D Page 2 of 11 1 NAMES OF REPORTING PERSONS TPG GP A, LLC 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (see instructions) (a) (b) 3 SEC USE ONLY 4 SOURCE OF FUNDS (see instructions) OO (See Item 3) 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) 6 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware NUMBER OF SHARES 7 SOLE VOTING POWER - 0 - BENEFICIALLY OWNED BY 8 SHARED VOTING POWER 39,494,730 (See Items 3, 4 and 5) EACH REPORTING PERSON 9 SOLE DISPOSITIVE POWER - 0 - WITH 10 SHARED DISPOSITIVE POWER 39,494,730 (See Items 3, 4 and 5) 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 39,494,730 (See Items 3, 4 and 5) 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (see instructions) 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 19.3% (See Item 5)* 14 TYPE OF REPORTING PERSON OO * The calculation is based on 205,051,970 shares of Common Stock (as defined below) outstanding as of the closing of the August 2024 Registered Offering (as defined below), as reported in the Prospectus Supplement filed by the Issuer (as defined below) with the Securities and Exchange Commission (the “ Commission ”) on August 13, 2024. CUSIP No. 53190C102 SCHEDULE 13D Page 3 of 11 1 NAMES OF REPORTING PERSONS David Bonderman 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (see instructions) (a) (b) 3 SEC USE ONLY 4 SOURCE OF FUNDS (see instructions) OO (See Item 3) 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) 6 CITIZENSHIP OR PLACE OF ORGANIZATION United States of America NUMBER OF SHARES 7 SOLE VOTING POWER - 0 - BENEFICIALLY OWNED BY 8 SHARED VOTING POWER 39,494,730 (See Items 3, 4 and 5) EACH REPORTING PERSON 9 SOLE DISPOSITIVE POWER - 0 - WITH 10 SHARED DISPOSITIVE POWER 39,494,730 (See Items 3, 4 and 5) 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 39,494,730 (See Items 3, 4 and 5) 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (see instructions) 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 19.3% (See Item 5)* 14 TYPE OF REPORTING PERSON IN * The calculation is based on 205,051,970 shares of Common Stock outstanding as of the closing of the August 2024 Registered Offering, as reported in the Prospectus Supplement filed by the Issuer with the Commission on August 13, 2024. CUSIP No. 53190C102 SCHEDULE 13D Page 4 of 11 1 NAMES OF REPORTING PERSONS James G. Coulter 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (see instructions) (a) (b) 3 SEC USE ONLY 4 SOURCE OF FUNDS (see instructions) OO (See Item 3) 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) 6 CITIZENSHIP OR PLACE OF ORGANIZATION United States of America NUMBER OF SHARES 7 SOLE VOTING POWER - 0 - BENEFICIALLY OWNED BY 8 SHARED VOTING POWER 39,494,730 (See Items 3, 4 and 5) EACH REPORTING PERSON 9 SOLE DISPOSITIVE POWER - 0 - WITH 10 SHARED DISPOSITIVE POWER 39,494

View Full Filing

View this SC 13D/A filing on SEC EDGAR