NEW YORK, Aug 8 (Reuters) - Thoma Bravo is preparing to

explore options including a potential sale of ABC Fitness

Solutions that could value the software provider for health

clubs and gyms at about $3 billion including debt, according to

people familiar with the matter.

The technology focused buyout firm could kick off a sale

process for ABC Fitness in early 2025, the sources said,

cautioning that Thoma Bravo's plans could change.

Thoma Bravo is expecting to command a valuation for ABC

Fitness equivalent to about 25 times the company's projected

earnings before interest, tax, depreciation and amortization

(EBITDA) of roughly $120 million next year, the sources added,

requesting anonymity as the discussions are confidential.

Thoma Bravo declined to comment. ABC Fitness did not respond

to a request for comment.

Founded in 1981, ABC Fitness provides software and payment

processing services to health clubs, gym operators, and personal

trainers. Its software helps gym owners track workouts and

manage their operations.

Frisco, Texas-based ABC Fitness processes roughly $11.5

billion of payments annually for about 30,000 gyms, studios and

fitness clubs across 100 countries, according to its website.

Thoma Bravo acquired the company for an undisclosed amount

in 2018.

Payments technology has been a bright spot for dealmaking in

recent months. In July, Genstar Capital picked up a stake in

payments processor AffiniPay in a deal valued at nearly $3

billion.

Reuters reported this month that Flywire ( FLYW ), which

helps process payments in the education, healthcare and travel

industries, is exploring a sale after attracting takeover

interest.