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Elixia chain of gyms changes hands
By Tom Walker
Private equity group Altor Fund III has signed an agreement to acquire ELIXIA, the Nordic health and fitness chain, from another private equity group Norvestor and its other owners.
ELIXIA currently operates 34 health clubs in Norway, 11 in Finland and two in Sweden. It has revenues of around NOK 900 million (over £100m).
"We see scope for substantial growth across the region," says Jaakko Kivinen, partner at Altor Equity Partners.
Private equity group Altor Fund III has signed an agreement to acquire ELIXIA, the Nordic health and fitness chain, from another private equity group Norvestor and its other owners.
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