Posts filed under “Mergers & Acquisitions”

Énergie and Fitness First in club deal

I was with Jan Spaticchia yesterday, the CEO of énergie fitness clubs to discuss my new Gymtopia project. Following the meeting, Jan was keen to show me energie's latest club in Milton Keynes which they have just acquired from Fitness First. The 14,000 square foot club has a really nice ...

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Clubrunner leisure management software company sold

Specialists in health club management software, ClubRunner provides IT solutions across the leisure industry including the hotel, health & fitness, play and golf markets, complementing Digital’s range of proprietary intelligent booking software that specialises in the day and destination spa markets. ClubRunner, established in 1995 by Stefan Drummond, is a leading ...

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David Lloyd Leisure Purchased by London & Regional Properties

So, after much speculation, contracts have been exchanged on the sale of the 69 UK, Irish and European clubs. Versailles Bidco Limited, a company owned by London & Regional Holdings Limited and Bank of Scotland Corporate agreed a cash sum of £925 million, equivalent to £13.4 million per club or ...

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David Lloyd says no to Esporta Purchase

Firstly, the Esporta deal has gone through, which means I am now paying my £142 per month membership fee to Simon Halabi, the property magnate (as if he didn't have enough money already!). Not content with buying Esporta, it transpires that secret talks have been taking place between Esporta and Whitbread ...

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Esporta Health Clubs Sale Runs into Trouble

The Esporta deal has more twists and turns than Silverstone. Contracts were exchanged back in November of last year for the sale of the 54 Esporta clubs to Simon Halabi. However, a reliable contact informs me that not all is going well with the completion. So, has the buyer uncovered ...

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Is Cannons Health and Fitness Clubs the next chain to be sold?

A good source this morning informed me that Cannons may be up for sale (again!). The 67 clubs and circa 165,000 members went private in 2001 in a £360 million buy-out supported by Royal Bank of Private Equity. Although, it is one of the oldest club chains, it seems to have ...

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Esporta sold…to that man in the corner with a very large cheque book!

So Esporta with its 54 health and racquets clubs was finally sold today to Ironzar Trust, one of several trusts controlled by Simon Halabi for an undisclosed sum following competition from Archie Norman, the former Asda boss. Norman was bidding through his private-equity vehicle Aurigo Management. Bids were also expected ...

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Oxygen Client Bids for Bannatynes

There will be many people in the industry surprised by this week’s news that Energie Fitness Clubs has submitted a bid of circa £120 million to acquire Bannatyne’s Health Clubs. There are 36 Bannatyne clubs looking after about 100,000 members. Bannatynes was formed by the `Dragon`, Duncan Bannatyne. However, it ...

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Dragon Slain

So LA Fitness has got its cheque book out yet again and snapped up the 21 Dragons health clubs (owned by Crown Sports PLC) for a `lofty`£60 million. LA is paying 13.2 p a share which is a 70% premium on the present share price. Ray Pierce, Chairman of Crown Sports ...

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Europe’s Largest Health Club For Sale

A `for sale at the right price` went up over the Next Generation business this week. Next Gen’ operates 12 racquet and health/fitness clubs across the UK. UBS is analysing ` strategic options` which is a euphemism for `find us a buyer`. The chain could be worth up to £200 ...

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