Posts tagged “Mergers and Acquisitions”

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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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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The Esporta sale is off…for now

>The Esporta health club business has been up for sale for some time now, since its parent company went into administration. Today, I was hoping to announce the name of the new buyer, but for now, the sale is off.Grant Thornton, the administrators for Bell Leisure (Esporta's holding company) has ...

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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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Club Méd sells majority stake in gym business

Club Méd is getting out of the French gym business to focus on its all-inclusive resort business. The company's core business faces a turbulent future as demand begins to soften at its 64 worldwide resorts. The company has just concluded a deal to sell an 80% stake in its Club Méd ...

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Say goodbye to Next Generation Health Clubs

>Since the David Lloyd and Next Generation Health Club brands came under the same ownership in August last year, they have been operating as two stand-alone brands. This is about to change. Scott Lloyd, Managing Director of the merged group has announced that the Next Generation clubs are to be ...

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Candover Private Equity Buys Stake in Technogym

Interesting to discover that Candover Private Equity has purchased a 40% stake in Technogym for an undisclosed sum. Technogym was founded in 1983 by Nerio Alessandri in his garage in Gambettola in central Italy. It has over 1,400 employees and supplies over 50,000 fitness facilities worldwide as well as 20,000 ...

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David LLoyd considers purchase of Esporta

The Times has a story that discusses David Lloyd's interest in acquiring Esporta. However, I wonder if the Competition Commission would take a look at any deal that brings David Lloyd, Next Generation and Esporta together. Although the enlarged group would represent only 4% of total private clubs, it does ...

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The State of the UK Health/Fitness Industry – by Ray Algar

This is my editorial for BritSport 2007 - a leading UK Sports Industry Directory. You can buy copies for £95 from Sport Business Group. Merger and acquisition activity is this year’s major theme with Virgin Active now Britain’s second largest health club chain, after Fitness First. This follows Virgin’s acquisition of ...

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