Crescent Acquisition Corp. (CRSAU)

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Obituaries

How did F45 go from Aussie fitness upstart to a competitor on the global health scene, and now to publicly-traded corporation?

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F45, which counts actor Mark Wahlberg as one of its shareholders, has more than 1,900 franchises in 50 countries and is known for promoting group workouts without heavy equipment

F45 Training, a provider of group fitness classes backed by actor Mark Wahlberg, has struck a deal to go public by merging with blank-check company Crescent Acquisition.

Crescent Acquisition Corp, a special purpose acquisition firm, said it would buy Australian fitness chain F45 Training in a deal that values the combined company at $845 million, including debt.

Good morning folks. A lot going on this morning – including massive redundancies at Qantas. Let’s dig in.