Dubai-based investment agency Istithmar has pulled out of the bidding for UK-based health and fitness chain Esporta because it was reportedly too expensive.
The chain’s owners – Duke Street Capital – launched a formal auction process in mid-September, after receiving several approaches from rival companies. It is estimated to be worth around £460m.
A representative of the Dubai government-owned Istithmar said that the group had been interested in Esporta but withdrew after the bidding became “too pricey”.
According to recent reports, former Asda chair Archie Norman is among the remaining bidders for the chain.
Norman reportedly 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 leisure 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.
Esporta owns and operates 54 clubs in the UK. Details: www.esporta.com
Dubai-based investment agency Istithmar has pulled out of the bidding for UK-based health and fitness chain Esporta because it was reportedly too expensive.
“We want our future sports centre to act as a co-location for health and wellbeing services, furthering our connections with GP referrals and digital health platforms”
As more people join clubs to support their mental
health, fitness professionals need to be empowered to
take a holistic approach. Kath Hudson shares useful
tools discussed at the ACE summit on mental health
As health club operators move to incorporate recovery into their
offerings to meet growing consumer demand, Steph Eaves takes a
look at what cryotherapy and ice bathing can add to the equation
Now mental health is the number one reason for people to join a
health club, do fitness professionals need a grounding in counselling
to offer a more holistic service? Kath Hudson asks the experts
Industry suppliers are responding to the exponential increase in
consumer demand for strength training with a raft of new and
innovative launches and concepts, as Steph Eaves reports
As one of the most energy-intensive industries in the UK, leisure facilities face a critical
challenge in balancing net zero goals, funding and increased costs.
Experience the pinnacle of fitness and luxury at the premier industry event, Sibec EMEA, set
against the breathtaking backdrop of the Fairmont Monte Carlo this Autumn.
Being a carer – whether that’s looking after a young person, a senior citizen or someone with
a long-term illness or disability – can be rewarding but stressful at times. These
responsibilities may also limit the carer’s ability to find paid employment.
11 to 14 April saw the fitness industry impressively demonstrate just how innovative it is in
fulfilling its responsibility for a healthy society at FIBO in Cologne. Over 1,000 exhibitors
and partners generated boundless enthusiasm among 129,668 visitors from 114 countries.
Dubai-based investment agency Istithmar has pulled out of the bidding for UK-based health and fitness chain Esporta because it was reportedly too expensive.
The chain’s owners – Duke Street Capital – launched a formal auction process in mid-September, after receiving several approaches from rival companies. It is estimated to be worth around £460m.
A representative of the Dubai government-owned Istithmar said that the group had been interested in Esporta but withdrew after the bidding became “too pricey”.
According to recent reports, former Asda chair Archie Norman is among the remaining bidders for the chain.
Norman reportedly 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 leisure 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.
Esporta owns and operates 54 clubs in the UK. Details: www.esporta.com
Dubai-based investment agency Istithmar has pulled out of the bidding for UK-based health and fitness chain Esporta because it was reportedly too expensive.
“We want our future sports centre to act as a co-location for health and wellbeing services, furthering our connections with GP referrals and digital health platforms”
As more people join clubs to support their mental
health, fitness professionals need to be empowered to
take a holistic approach. Kath Hudson shares useful
tools discussed at the ACE summit on mental health
As health club operators move to incorporate recovery into their
offerings to meet growing consumer demand, Steph Eaves takes a
look at what cryotherapy and ice bathing can add to the equation
Now mental health is the number one reason for people to join a
health club, do fitness professionals need a grounding in counselling
to offer a more holistic service? Kath Hudson asks the experts
Industry suppliers are responding to the exponential increase in
consumer demand for strength training with a raft of new and
innovative launches and concepts, as Steph Eaves reports
Members are telling us they need support with their mental and spiritual health and the industry is starting to see this need. Now’s the time to fast-track our response
As one of the most energy-intensive industries in the UK, leisure facilities face a critical
challenge in balancing net zero goals, funding and increased costs.
Experience the pinnacle of fitness and luxury at the premier industry event, Sibec EMEA, set
against the breathtaking backdrop of the Fairmont Monte Carlo this Autumn.
Being a carer – whether that’s looking after a young person, a senior citizen or someone with
a long-term illness or disability – can be rewarding but stressful at times. These
responsibilities may also limit the carer’s ability to find paid employment.
11 to 14 April saw the fitness industry impressively demonstrate just how innovative it is in
fulfilling its responsibility for a healthy society at FIBO in Cologne. Over 1,000 exhibitors
and partners generated boundless enthusiasm among 129,668 visitors from 114 countries.