PARTNERSHIP CAPITAL GROWTH ACTS AS SOLE ADVISOR FOR ANYTIME WORLDWIDE LLC’S RECAPITALIZATION

SAN FRANCISCO, CA (January 6, 2010) -- Partnership Capital Growth, a full-service, boutique investment bank that focuses exclusively on the healthy, active and sustainable living marketplace, today announced that THL Credit Opportunities, L.P., (“THL Credit”) and Partnership Capital Growth sponsored a recapitalization of Anytime Worldwide LLC (“Anytime Fitness”) in partnership with the company’s owners and founders, Chuck Runyon and Dave Mortensen.

Founded in 2001, Anytime Fitness is the world’s largest 24-hour, co-ed fitness franchise concept with over 1,200 clubs opened and nearly 800,000 members. Operating under the brand “Anytime Fitness,” Anytime Fitness clubs can be found in 48 states across the U.S., Canada, Australia, and New Zealand with plans to open clubs in India and Mexico in 2010. Open 24 hours a day and seven days a week with reciprocity across clubs, Anytime Fitness offers unmatched convenience, affordability and a non-intimidating environment for its members. For the fourth year in a row, Franchise Business Review has given Anytime Fitness its top rating for franchisee satisfaction.  
 
“We believe Anytime Fitness, with its premier concept and brand, is uniquely positioned to capitalize on favorable demographic trends in the health and fitness industry,” said Hunter Stropp, Managing Director of THL Credit.

“We look forward to working with THL Credit and Partnership Capital Growth in continuing to provide our franchisees and our nearly 800,000 members an affordable, first class and convenient fitness solution,” said Chuck Runyon, Founder and CEO of Anytime Fitness.

“We are pleased to have assisted Anytime Fitness in crafting a structure and strategic transaction that serves the interests of all parties,” said Brian Smith, Principal of Partnership Capital Growth. “We couldn’t be happier with THL Credit’s expertise and experience behind this investment. We are confident that Anytime Fitness will continue to build a leading brand and operations in North America and across the globe.”

ABOUT ANYTIME FITNESS
Open 24/7, Anytime Fitness provides its nearly 800,000 members with convenient and affordable fitness options in friendly, well-maintained facilities featuring top-quality equipment. State-of-the-art security and surveillance systems ensure member safety even during unstaffed hours at the clubs. Anytime Fitness expects to achieve system-wide sales in excess of $150 million in 2009. For more information about Anytime Fitness, or to find the club nearest you, visit www.anytimefitness.com.

ABOUT THL Credit Group L.P.
THL Credit Group, L.P., the credit affiliate of Thomas H. Lee Partners, provides junior capital to middle-market companies for growth, recapitalizations and acquisitions. We invest in companies operating in a wide variety of industries with a minimum EBITDA of $7.5M. For more information, visit www.thlcredit.com.

About Partnership Capital Growth
Partnership Capital Growth is a boutique investment bank that provides full-service merger and acquisition, financing and capital structure advisory services to middle market companies. The company focuses exclusively on consumer products and services in the areas of healthy, active and sustainable living. Partnership Capital Growth is based in San Francisco, California. www.pcg-advisors.com

Please feel free to contact Brian Smith at brian@pcg-advisors.com or Brent Knudsen at
brent@pcg-advisors.com to discuss this transaction.