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When private equity came for the toddler gyms

Children’s gym equipment at Tetter Tots Music n Motion in Frederick, Md., on Dec. 13, 2022. The same playbook that has notched high returns acquiring things like foreclosed homes and highway rest stops is being tested by a family-oriented franchise. (Lexey Swall/The New York Times)

According to legal filings, internal documents, and interviews Little Gym franchisees, a private equity firm began to demand higher fees and institute more stringent requirements. VIEW

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