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Les Mills
Health Club Management

Health Club Management

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UNITING THE WORLD OF FITNESS
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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.
HAF,FIT,IND,PTS
THUMB26165_779404.jpg
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TVS Group is one of the leading suppliers of flooring and surfaces for gym, sports and play environments. We take a look at what's behind this company's success
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Rachael Blumberg

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People know yoga, Pilates, HIIT and Barry’s Bootcamp, but many don’t know vibration training and it’s my intention, passion and purpose to make it available and bring it to the world
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Gita Sjahrir

Founder, R-FITNESS
We became the first boutique fitness brand in all of Southeast Asia to ever raise venture capital backing. This was positive for the industry as it signalled that the industry had growth potential
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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.

Sign up for FREE ezines & magazines
Budget club operator énergie Fitness is looking for a new financial partner after appointing Clearwater International and Canaccord Genuity as its new financial advisors.
HAF,FIT,IND,PTS
THUMB26165_779404.jpg

News

Life Leisure is expanding its facility portfolio with the launch of an independent boutique fitness
Almost half of children and young people (46.8 per cent) in England are doing the
A local fitness operator with 11 clubs in Chicago, US, is looking to muscle in
Fitness industry veteran Nick Coutts has been appointed chair of Danish fitness tech firm Motosumo.
The improvements in health and wellbeing associated with exercise referral schemes aren’t as large as
The Bannatyne Group has appointed Hugh Hanley as its new head of fitness. He joins
Servicesport UK Limited
Servicesport UK Limited
David Lloyd Leisure has announced Wattbike as its performance bike of choice after a recent
Physical exercise can improve the health of blood vessels in the heart for people with
Hufft have created a community fitness centre in Humboldt, Kansas, that reflects the US city's
The main political parties need to "discuss prevention in the same breath as they discuss
SoulCycle chief executive Melanie Whelan has resigned from her role, capping off a challenging few
Workspace provider WeWork has launched a full service, on-site wellness programme at its largest site
On-demand fitness app Fiit has partnered with fitness marketplace Hussle, giving Hussle users access to
Dyaco International
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Evolution Wellness has developed a new low cost gym concept, which it hopes can tap
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Revenue management specialist Transaction Services Group (TSG) has acquired active leisure software and services provider
Alliance Leisure
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1 - 15 of 11,175
Features
feature
Exercises, workload, work/rest ratio and pace have been defined and integrated into personalised programmes
Features
feature
Legend Leisure Services has delivered an elegant website solution for ANGUSalive
Features
Promotional feature
TVS Group is one of the leading suppliers of flooring and surfaces for gym, sports and play environments. We take a look at what's behind this company's success
Features
Cryotherapy
Cryotherapy is hot right now, with more people attracted to its cited benefits, from reduced recovery time to improved sleep quality. Operators offering this chilly experience give us their advice
Features
Cycling
In last month’s issue we grilled operators about what makes the best indoor cycling class, and they agreed instructors play a crucial part in the overall class experience. Now we’re asking the experts on the frontline for their thoughts on what makes indoor cycling such a phenomenon
Features
Thought leaders
Equinox and SoulCycle became mired in controversy recently, when the CEO and majority shareholder of their parent company hosted a fundraiser for President Trump’s re-election. What's the way forward for these brands and what can we learn from this furore? Kath Hudson asks the thought leaders
Features
feature
A partnership between Pure Gym and BLK BOX is challenging the low-cost model
Features
People
HCM people

Rachael Blumberg

Platefit: creator and founder
People know yoga, Pilates, HIIT and Barry’s Bootcamp, but many don’t know vibration training and it’s my intention, passion and purpose to make it available and bring it to the world
People
you can never sit back and say ‘yeah, we’ve got it now, it’s all sorted’. With each change of government, each change of minister, you have to keep working on those relationships
People
HCM people

Gita Sjahrir

Founder, R-FITNESS
We became the first boutique fitness brand in all of Southeast Asia to ever raise venture capital backing. This was positive for the industry as it signalled that the industry had growth potential
People
HCM people

José Teixeira

SC Fitness, Portugal: head of customer experience
People often assume that those who pay more stay longer, but we don’t see this. What we see is that if you have PT you stay longer because you use more, not because you pay more
People
One of the opportunities we’re looking at is in London. The location doesn’t suit a low-cost gym, but would suit a boutique-style model. - John Oxley
People
We’re trying to help people understand exactly how much effort they need to apply in order to get the best outcome, so they can do it over a long period of time and not burn out. The overall training effect is then much better
People
I was seeing a lot of bad pad work and poor teaching in gyms, which broke my heart but spurred me on to develop a dedicated course for boxing technique
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Taking on BMF wasn’t without its risks: it might seem a simple model, but it’s actually a tough business to make any serious value out of
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Ben Gotting & Dave Thomas

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Because of our strong focus on community and inclusivity our members really do range from unemployed, and even homeless, to CEOs and board members of major institutions and celebrities
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Job search
POST YOUR JOB
Featured supplier news
Featured supplier: GLL chooses Ethitec’s Tiara9 system for its exercise-based public health referral schemes
The Tiara9 system has been selected by leisure trust, GLL, to support the nationwide rollout of its Healthwise GP referral programme.
Featured supplier news
Featured supplier: Wattbike Studio makes lasting impact on business at Holme Pierrepont
Since installing its new Wattbike indoor cycling studio last year, Holme Pierrepont Country Park, a Serco Leisure site that’s the home of the National Water Sports Centre, has seen a significant increase in cycle studio usage.
Company profiles
Company profile: Jordan Fitness
Jordan Fitness have been at the forefront of premium gym design, with a strong reputation ...
Company profiles
Company profile: Eleiko
We build upon our six-decade legacy in weightlifting, fuelled by our unwavering commitment to innovation, ...
Catalogue Gallery
Click on a catalogue to view it online
Directory
Lockers/interior design
Fitlockers: Lockers/interior design
Audio visual
Hutchison Technologies: Audio visual
Professional services
Deloitte UK: Professional services
Fitness equipment
Octane Fitness: Fitness equipment
Fitness software
Go Do.Fitness: Fitness software
Direct debit solutions
Debit Finance Collections: Direct debit solutions
Exercise equipment
Star Trac / Core Health & Fitness: Exercise equipment
Wearable technology solutions
MyZone: Wearable technology solutions
Whole body cryotherapy
Zimmer MedizinSysteme GmbH / icelab: Whole body cryotherapy
Locking solutions
Ojmar: Locking solutions
Property & Tenders
Diary dates
10-12 Dec 2019
tbc, Fort Lauderdale, United States
Diary dates
21-23 Jan 2020
Harrogate Convention Centre, Harrogate, United Kingdom
Diary dates
28-30 Jan 2020
Ericsson Exhibition Hall, Ricoh Arena, Coventry, United Kingdom
Diary dates
29-30 Jan 2020
Holiday Inn San Francisco-Golden Gateway, San Francisco, United States
Diary dates
23-25 Mar 2020
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Diary dates
25-26 Mar 2020
Eastwood Hall, Nottingham, United Kingdom
Diary dates
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Diary dates
10-27 Jun 2020
tbc, Pinggu, China
Diary dates
13 Jun 2020
Worldwide, Various,
Diary dates
17-18 Jun 2020
ExCeL London, London, United Kingdom
Diary dates
21-24 Sep 2020
Loews Coronado Bay Resort, Coronado, United States
Diary dates
30-31 Oct 2020
NEC, Birmingham, United Kingdom
Diary dates
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