Hollywood star said he fell in love with the brand when he first visited a studio last November.
"Mark has so many traits that we feel align with us," Deutsch said. "He's obviously very into fitness, he's a very shredded man with a very clean brand."
The company has more than 1,500 studios in 40 countries and partnerships with two dozen universities including Stanford and Texas. It may open as many as 10,000 franchises alone in North America, and also sees opportunity in Europe, Asia and South America, Deutsch said. He's nearing a deal to offer the workout on a cruise line and is developing a software-based product for hotels.
Deutsche Bank Securities and Baker McKenzie advised F45. The company's revenues and earnings before interest, depreciation, taxes and amortisation have grown at compounded annual rates of more than 125 per cent and 130 per cent since 2016, respectively, to $US62 million and $23 million at the end of 2018.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Mark Wahlberg invests in Australian fitness chain F45The Hollywood actor, who wakes up at 2:30am to exercise, said he was excited to be partnering with the chain which offers high-intensity, 45 minute work outs. 9News
Read more »
It's the end of uncertainty for Leyonhjelm and LathamLiberal Democrats’ David Leyonhjelm asserted that it was a “100 per cent certainty” that after the coming state election crossbenchers would hold the balance of power in both houses of parliament in both NSW and Canberra.
Read more »
'The President is not a white supremacist': White House defends TrumpWhite House acting chief of staff says Donald Trump was no more to blame for the Christchurch shootings than Facebook CEO Mark Zuckerberg.
Read more »
'The President is not a white supremacist': White House defends TrumpWhite House acting chief of staff says Donald Trump was no more to blame for the Christchurch shootings than Facebook CEO Mark Zuckerberg.
Read more »
'The President is not a white supremacist': White House defends TrumpWhite House acting chief of staff says Donald Trump was no more to blame for the Christchurch shootings than Facebook CEO Mark Zuckerberg.
Read more »
Students perform haka tribute to Christchurch mosque attack victimsThe haka is traditionally used on the battlefield but also used to mark the significance of an occasion, be it a celebration or a commemoration.
Read more »
Green Machine too slick for Titans in the wetThe Raiders have started their season with a comfortable win over a Titans side that was without both first-choice halves by the 13-minute mark of their round-one clash on the Gold Coast.\n\n
Read more »
Mark Wahlberg invests in Australian fitness chain F45The Hollywood actor, who wakes up at 2:30am to exercise, said he was excited to be partnering with the chain which offers high-intensity, 45 minute work outs. 9News
Read more »