Posts filed under “Mergers & Acquisitions”

Comment on Pure Gym buying LA fitness

On May 29th 2015 came news that Pure Gym was buying LA fitness, subject to approval from the Competition and Markets Authority, the competition regulator. Of all the potential buyers including Fitness First, Sports Direct and Terra Firma, I was surprised on hearing this news. Fitness First was seen as ...

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KSL Capital Partners acquire UK-based Velocity Health and Fitness Clubs

KSL Capital Partners, the U.S. private equity firm dedicated to investing in travel and leisure businesses has acquired Village Urban Resorts (Village) from De Vere Group. Founded in 1995, Village Urban Resorts (Village) has 25 locations throughout the UK with a Velocity Health and Fitness Club embedded in each hotel. ...

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Why the CMA referred the combination of Pure Gym Limited and The Gym Limited for an in-depth merger investigation

In February 2014, Pure Gym and The Gym Group (The Gym) announced plans to merge. At the time of the deal, Pure Gym operated 61 low-cost gyms across the UK and The Gym, 42 gyms. The business model for the two companies has been very similar since they began competing ...

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Pure Gym and The Gym Group Announce Merger Plans

Pure Gym and The Gym Group today announced plans to merge, subject to regulatory approval. The new company will be a combination of the current Pure Gym, owned by CCMP Capital Advisors, and The Gym Group owned by Phoenix Equity Partners and Bridges Ventures. Financial terms have not been disclosed. The ...

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Phoenix Equity Partners invest in The Gym Group

After much speculation about The Gym Group's new investment partner, Phoenix Equity Partners today confirmed it has agreed terms to finance further UK expansion. Phoenix is a leading UK middle-market private equity firm. Phoenix's strategy is to acquire significant stakes in businesses alongside management teams and work with those teams to ...

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Strategic review of David Lloyd Leisure underway

News broke last week that a strategic review is underway at David Lloyd Leisure. A 'strategic review' normally denotes that a significant event is underway. David Lloyd Leisure The business operates 89 health and racquets clubs across the UK and Europe and was acquired for £940 million (€1.1 billion Euros) in ...

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Energie Fitness Clubs to acquire Jackie Skelly Fitness

  This morning, I received confirmation that énergie fitness clubs has become the preferred bidder to acquire Jackie Skelly Fitness in Ireland. Jackie Skelly Fitness is one of Ireland's leading fitness brands and operates 10 clubs. It seems the company has been struggling with a decline in membership sales, while facing ...

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Esporta health clubs have a new owner

Members and staff connected to Esporta will be pleased to read that Société Générale (Soc Gen) has now acquired the premium health and racquets brand. Esporta's 55 clubs now become a wholly owned Société Générale subsidiary company. The sale comes just before the August 2009 expiry of the administration order ...

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And the winner of the JJB Fitness Club Sale is…

After much speculation, Dave Whelan, Founder of JJB Sports has won the race to secure the fitness clubs division with a price of £83.50 million (£1.5 million per club). The funds will be used to pay down the company's bank debt. JJB Executive chairman Sir David Jones said: 'We have taken ...

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Update on the sale of JJB Fitness Clubs

Last month I wrote about the impending sale of JJB's 50 health and fitness clubs. Several bidders had come forward and there were indications that the business would be sold for around £1 million per club. Bids fail to meet expectations Indications are that the price could now be falling to around ...

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