Paul Hastings Advises The Original Fit Factory on $500 Million Business Combination With ESH Acquisition Corp.

Paul Hastings LLP advised The Original Fit Factory Ltd. on a business combination agreement with ESH Acquisition Corp. (Nasdaq: ESHA). At the closing of the transaction, former security holders of The Original Fit Factory will receive transaction consideration in newly issued shares of common stock of The Original Fit Factory Holdings Inc. (TOFF Holdings), and shares of TOFF Holdings are expected to be listed on the Nasdaq stock market.

The proposed transaction reflects an implied proforma equity valuation for The Original Fit Factory of $500 million. The Original Fit Factory’s core businesses are well-established in technology, fitness and wellbeing, and their Innovations Division includes the Reebok Fitness App and the Reebok Smart Ring.

The Paul Hastings team included partners Gil Savir, Brandon Bortner, Steve Camahort, Richard Radnay and Matthew Poxon, of counsel Ryan Brewer and associates Michael Kesler, Greg Drozdzal and Aryal Ray.

More details can be found here.

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