Dalian Wanda Group
In Fall 2015, World Triathlon Corporation and the Ironman brand were acquired by Chinese conglomerate Dalian Wanda Group. Wanda Group reached an agreement to purchase 100% of equity for $650 million and the assumption of debt from former owners Providence Equity Partners. Ironman had been in the hands of Providence for seven successful years after they purchased it in 2008. A source for the "Wall Street Journal" estimated that the WTC is valued at roughly $900 million and represents a quadrupling of Providence's investment in the WTC.