Core Health & Fitness/Schwinn
Core Health & Fitness/Schwinn
Core Health & Fitness/Schwinn
Health Club Management

Health Club Management

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Health Club Management

Health Club Management

News

énergie Fitness appoints financial advisors ahead of sale and 'aggressive expansion'

Budget club operator énergie Fitness is looking for a new financial partner after appointing Clearwater International and Canaccord Genuity as its new financial advisors.

The firms – both which have pedigree in the fitness sector – have been tasked with finding énergie a financial partner which will be able to provide énergie with growth capital, as well as "liquidity for legacy shareholders", who are currently invested in the business.

Clearwater International, a corporate finance firm, recently advised Fitness Hut – a Portuguese low-cost gym group – on securing investment from Viva Gym. It also advised Gymbox on securing growth capital funding from investment firm Business Growth Fund.

Financial services firm Canaccord Genuity previously advised LA Fitness on its sale to Pure Gym.

According to énergie CEO Jan Spaticchia, the search for a new financial partner is part of plans to complete "an aggressive rollout" in the UK.

"After refining the brand and business model over several years, we believe that now is the right time to aggressively accelerate our growth plan," Spaticchia told Leisure Opportunities.

"Our presence in the high-growth budget segment of the fitness club market, our new boutique-style offering ‘thé YARD’, and our franchise business model positions us at the nexus of three highly attractive areas of the market."

He added that énergie's management team are expected to remain shareholders in the business.

Énergie has been considering its options for a liquidity event for some time and in 2012 it abandoned a floatation at the last minute due to market volatility.

As part of preparations for finding new investment, the company appointed Neil King – former managing director of 1Life Management Solutions – as its new chief operating officer earlier this year.

At the time of King's appointment, Spaticchia said: “We’re looking at a capital realisation event at the back end of this year – it could be private equity, it could be an IPO – and this appointment will give me the opportunity to work on that."

Founded in 2003, énergie is the largest and fastest growing budget fitness franchise group in the UK with 106 clubs open and in presale, around £30m network turnover and more than 135,000 members across the UK, Republic of Ireland and Europe. énergie grants between 30 and 40 new franchises every year and already has 26 clubs scheduled for opening in 2018.

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Budget club operator énergie Fitness is looking for a new financial partner after appointing Clearwater International and Canaccord Genuity as its new financial advisors.
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CEO Jan Spaticchia said the search for a new financial partner is part of plans to complete an aggressive rollout in the UK.  / énergie Fitness
SportsArt Fitness
SportsArt Fitness

News

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SportsArt Fitness
SportsArt Fitness
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Features
Research
The health and leisure centre sector is deemed to have been the fastest growing business sector in the UK over the last five years
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Tech
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ukactive
Following the ActiveLab Live! finale at the recent Active Uprising conference, we take a look at startups seeking to solve some of society’s biggest challenges through technology designed to get people active
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Tech
We asked some of the biggest names in health club management software to share their predictions for the future
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Design
Soho House has opened one of the most high-end gyms in London. Kath Hudson finds out more
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Pool fitness
Swimming laps isn't for everyone, so why limit your pool to one activity? Steph Eaves speaks to the providers of some of the most exciting water-based exercise concepts on the market, who explain how you can make a splash with your members
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People
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With Anytime Fitness, all clubs are available to members, so whatever your lifestyle and wherever you’re travelling, there’ll be an Anytime Fitness location nearby that you can use
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I love that CycleBar encourages a community while not taking itself too seriously. We want our riders to have a great time while they’re making positive choices for their fitness
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There are lots of players in the yoga market, but many are small independent studios. We aim to be the dominant chain. By 2022 we visualise having 100 sites in London (and growth in regional cities)
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Women over the age of 50 are becoming super-consumers – in the US, they control nearly 75 per cent of all wealth – and they’re spending their money on products and services that improve their health and lifestyle
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We develop a community feel by partnering people up in classes and running social events and monthly challenges
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We believe the world becomes a better place when more people exercise, which is why we need The Mirai as a beacon – to motivate millions of people to enjoy exercising and moving more
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I’m hugely excited to launch our new two-week Revive programme in Harrods. It’s just the start of the unique programming we’re going to deliver in The Wellness Clinic
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The workout has to be engaging, and that’s what the Lagree Fitness Method is designed to be. If you go to the gym and watch TV on the treadmill for an hour, I don’t think that’s fitness
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Interview
My wife Colleen put a huge effort into getting the first gym off the ground. We had to work pretty hard and there was no goofing around – times were tough - Les Mills
People
Catalogue Gallery
Click on a catalogue to view it online
Featured suppliers
Featured supplier: Calling all salon and spa owners!
The Salon & Spa Owners’ Club invites you to Olympia Beauty! Held on Sunday 30 September and Monday 1 October 2018 at Olympia London
Featured suppliers
Featured supplier: PfP uses NBS to boost participation in deprived areas
Places for People Leisure (PfP) is using Sport England’s National Benchmarking Service (NBS) alongside clever tactics to increase participation in deprived areas across its Rotherham contract
Company profiles
Company profile: Pure World Energy
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Company profiles
Company profile: Merrithew™ - Leaders in Mindful Movement™
Merrithew™ enriches the lives of others with responsible exercise modalities and innovative, multidisciplinary fitness brands ...
Directory
Exercise equipment
Physical Company Ltd: Exercise equipment
Direct debit solutions
Debit Finance Collections: Direct debit solutions
Independent service & maintenance
Servicesport UK Limited: Independent service & maintenance
Fitness equipment
Dyaco International: Fitness equipment
Spa software
SpaBooker: Spa software
Computer solutions
Legend Club Management Systems (UK) Limited: Computer solutions
Retail solutions
Swimrite Supplies Ltd / SRS Leisure: Retail solutions
Lockers
Crown Sports Lockers: Lockers
Audio visual
Lightmasters UK Ltd: Audio visual
Flooring
Total Vibration Solutions Ltd: Flooring
Property & Tenders
White Rocks, Hastings
GVA
Property & Tenders
Diary dates
28 Aug - 01 Sep 2018
tbc, Sao Paulo, Brazil
Diary dates
22-23 Sep 2018
Worldwide,
Diary dates
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Core Health & Fitness/Schwinn
Core Health & Fitness/Schwinn