Although today’s news has been predominantly about Peloton, I am excited for the entire Precor team who now join a business where there will be a deeper sense of genuine strategic fit — Precor will bring much to Peloton but imagine what Peloton will be bringing to Precor. In a way, ...
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 ...
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. ...
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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
© Oxygen Consulting - Strategic Analysis & Insight For The Global Health & Fitness Industry
