{"id":402928,"date":"2020-12-18T11:22:43","date_gmt":"2020-12-18T16:22:43","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=402928"},"modified":"2020-12-18T11:22:43","modified_gmt":"2020-12-18T16:22:43","slug":"under-armour-completes-sale-of-the-myfitnesspal-platform-to-francisco-partners","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/under-armour-completes-sale-of-the-myfitnesspal-platform-to-francisco-partners\/","title":{"rendered":"Under Armour Completes Sale Of The MyFitnessPal Platform To Francisco Partners"},"content":{"rendered":"<div class=\"xn-newslines\">\n<p class=\"xn-distributor\">PR Newswire<\/p>\n<\/p><\/div>\n<div class=\"xn-content\">\n<p>\n        <span class=\"xn-location\">BALTIMORE<\/span>, <span class=\"xn-chron\">Dec. 18, 2020<\/span> \/PRNewswire\/ &#8212; Under Armour, Inc. (NYSE: UA, UAA), a global leader in branded athletic performance apparel, footwear and accessories,\u00a0today announced that it has completed the sale of the MyFitnessPal platform to Francisco Partners.<\/p>\n<div class=\"PRN_ImbeddedAssetReference\" id=\"DivAssetPlaceHolder1\">\n<p>\n          <a href=\"https:\/\/mma.prnewswire.com\/media\/340474\/under_armour__inc__logo.html\" target=\"_blank\" rel=\"nofollow noopener noreferrer\"><br \/>\n            <img decoding=\"async\" src=\"https:\/\/mma.prnewswire.com\/media\/340474\/under_armour__inc__logo.jpg\" title=\"Under Armour, Inc. Logo. (PRNewsFoto\/Under Armour, Inc.)\" alt=\"Under Armour, Inc. Logo. (PRNewsFoto\/Under Armour, Inc.)\" \/><br \/>\n          <\/a>\n        <\/p>\n<\/p><\/div>\n<p>This announcement follows the <span class=\"xn-chron\">October 30, 2020<\/span> news release in which Under Armour detailed that it had entered into a definitive agreement with Francisco Partners regarding the sale of this business for a transaction value of <span class=\"xn-money\">$345 million<\/span>, inclusive of the achievement of potential earn-out payments. Debt financing for the transaction was provided by MidCap Financial.<\/p>\n<p>\n        <b>About Under Armour, Inc.<\/b>\n      <\/p>\n<p>Under Armour, Inc., headquartered in <span class=\"xn-location\">Baltimore, Maryland<\/span>, is a leading inventor, marketer and distributor of branded athletic performance apparel, footwear and accessories. Designed to empower human performance, Under Armour&#8217;s innovative products and experiences are engineered to make athletes better. For further information, please visit <a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3017800-1&amp;h=1728146162&amp;u=http%3A%2F%2Fabout.underarmour.com%2F&amp;a=http%3A%2F%2Fabout.underarmour.com\" rel=\"nofollow noopener noreferrer\">http:\/\/about.underarmour.com<\/a>.<\/p>\n<p>\u00a0<\/p>\n<div class=\"PRN_ImbeddedAssetReference\" id=\"DivAssetPlaceHolder2\"><\/div>\n<p id=\"PURL\">\n        <img loading=\"lazy\" decoding=\"async\" title=\"Cision\" width=\"12\" height=\"12\" alt=\"Cision\" src=\"https:\/\/c212.net\/c\/img\/favicon.png?sn=PH28910&amp;sd=2020-12-18\" \/> View original content to download multimedia:<a id=\"PRNURL\" rel=\"nofollow\" href=\"http:\/\/www.prnewswire.com\/news-releases\/under-armour-completes-sale-of-the-myfitnesspal-platform-to-francisco-partners-301196114.html\">http:\/\/www.prnewswire.com\/news-releases\/under-armour-completes-sale-of-the-myfitnesspal-platform-to-francisco-partners-301196114.html<\/a><\/p>\n<p>SOURCE  Under Armour, Inc.<\/p>\n<\/p><\/div>\n<p>    <img decoding=\"async\" alt=\"\" src=\"https:\/\/rt.prnewswire.com\/rt.gif?NewsItemId=PH28910&amp;Transmission_Id=202012181119PR_NEWS_USPR_____PH28910&amp;DateId=20201218\" style=\"border:0px;width:1px;height:1px\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>PR Newswire BALTIMORE, Dec. 18, 2020 \/PRNewswire\/ &#8212; Under Armour, Inc. (NYSE: UA, UAA), a global leader in branded athletic performance apparel, footwear and accessories,\u00a0today announced that it has completed the sale of the MyFitnessPal platform to Francisco Partners. This announcement follows the October 30, 2020 news release in which Under Armour detailed that it had entered into a definitive agreement with Francisco Partners regarding the sale of this business for a transaction value of $345 million, inclusive of the achievement of potential earn-out payments. Debt financing for the transaction was provided by MidCap Financial. About Under Armour, Inc. Under Armour, Inc., headquartered in Baltimore, Maryland, is a leading inventor, marketer and distributor of branded athletic performance apparel, footwear and &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/under-armour-completes-sale-of-the-myfitnesspal-platform-to-francisco-partners\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Under Armour Completes Sale Of The MyFitnessPal Platform To Francisco Partners&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-402928","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Under Armour Completes Sale Of The MyFitnessPal Platform To Francisco Partners - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/under-armour-completes-sale-of-the-myfitnesspal-platform-to-francisco-partners\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Under Armour Completes Sale Of The MyFitnessPal Platform To Francisco Partners - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"PR Newswire BALTIMORE, Dec. 18, 2020 \/PRNewswire\/ &#8212; Under Armour, Inc. (NYSE: UA, UAA), a global leader in branded athletic performance apparel, footwear and accessories,\u00a0today announced that it has completed the sale of the MyFitnessPal platform to Francisco Partners. This announcement follows the October 30, 2020 news release in which Under Armour detailed that it had entered into a definitive agreement with Francisco Partners regarding the sale of this business for a transaction value of $345 million, inclusive of the achievement of potential earn-out payments. Debt financing for the transaction was provided by MidCap Financial. About Under Armour, Inc. Under Armour, Inc., headquartered in Baltimore, Maryland, is a leading inventor, marketer and distributor of branded athletic performance apparel, footwear and &hellip; Continue reading &quot;Under Armour Completes Sale Of The MyFitnessPal Platform To Francisco Partners&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/under-armour-completes-sale-of-the-myfitnesspal-platform-to-francisco-partners\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2020-12-18T16:22:43+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/mma.prnewswire.com\/media\/340474\/under_armour__inc__logo.jpg\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/under-armour-completes-sale-of-the-myfitnesspal-platform-to-francisco-partners\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/under-armour-completes-sale-of-the-myfitnesspal-platform-to-francisco-partners\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Under Armour Completes Sale Of The MyFitnessPal Platform To Francisco Partners\",\"datePublished\":\"2020-12-18T16:22:43+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/under-armour-completes-sale-of-the-myfitnesspal-platform-to-francisco-partners\\\/\"},\"wordCount\":171,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/under-armour-completes-sale-of-the-myfitnesspal-platform-to-francisco-partners\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/mma.prnewswire.com\\\/media\\\/340474\\\/under_armour__inc__logo.jpg\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/under-armour-completes-sale-of-the-myfitnesspal-platform-to-francisco-partners\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/under-armour-completes-sale-of-the-myfitnesspal-platform-to-francisco-partners\\\/\",\"name\":\"Under Armour Completes Sale Of The MyFitnessPal Platform To Francisco Partners - 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(NYSE: UA, UAA), a global leader in branded athletic performance apparel, footwear and accessories,\u00a0today announced that it has completed the sale of the MyFitnessPal platform to Francisco Partners. This announcement follows the October 30, 2020 news release in which Under Armour detailed that it had entered into a definitive agreement with Francisco Partners regarding the sale of this business for a transaction value of $345 million, inclusive of the achievement of potential earn-out payments. Debt financing for the transaction was provided by MidCap Financial. About Under Armour, Inc. 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