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Archie Norman to enter Esporta bidding?
By Sarah Todd
According to media reports, former Asda chair Archie Norman is among the bidders for health club chain Esporta.
The chain launched a formal auction process in mid-September, after receiving several approaches from rival companies. It is estimated to be worth around £460m.
The Times reports that Norman made a bid via his private equity vehicle Aurigo Management, which he launched earlier this year.
However, analysts back Whitbread – which already owns the David Lloyd chain – to acquire Esporta.
The deadline for initial offers was last week, and a reported six parties will now be invited to take part in the second round of bidding.
Esporta owns and operates 54 clubs in the UK. Details: www.esporta.com
According to media reports, the former Asda chair Archie Norman is among the bidders for health club chain Esporta.
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