Selected Fitness Industry News - 16 December 2021

Selected Fitness Industry News - 16 December 2021
 

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We at edelhelfer are pleased to give you an update on the latest developments in the fitness market:

Featured Industry News

Fitness: The Gym announces resilient membership numbers

In 2021, the company has seen a strong recovery in membership numbers following re-opening. reaching a total of 735,000 as at 30 November 2021. With respect to its roll-out strategy the Company remains on track to deliver its organic rollout plan targeting 40 new openings in the 18 months to December 2022.

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Fitness: KKR instead of IPO at Pure Gym

Both companies announred today that KKR, a leading global investment firm, will make a GBPm 300 equity investment in PureGym to support and fund PureGym’s ambitious expansion plans. KKR will become a significant minority investor in the business alongside management and Leonard Green & Partners (LGP), who retain a majority ownership position.

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Fitness: Benefit Systems acquires Total Fitness

The listed Polish sports offer aggregator and fitness facility operator Benefit Systems today acquired the fitness chain Total Fitness with its 14 facilities. The purchase price is between PLNm 75 and 85 (EURm 16 to 19), depending on the results of the next two years.

[Read more]

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