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Fitness First sold for £830m
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Venture capitalist firm BC Partners has acquired gym operator Fitness First in a deal believed to be worth around £830m.
It is the second change of ownership for the group within the past two years after private equity company Cinven backed a £400m management buyout in 2003.
John Lovering, Fitness First's chair, said: "Our business has been transformed under Cinven’s ownership and it has proved to be a highly supportive backer of the business both financially and through their significant experience in the leisure sector."
Fitness First operates more than 400 clubs in 15 countries and has around 1.1m members.
Venture capitalist firm BC Partners has acquired gym operator Fitness First for £830m.
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