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.
Collaborations with the medical profession and greater aspirations around wellbeing are creating a need for more experts in our sector. It’s time to reboot our thinking around the workforce
If the health service is to
survive, we must recognise
that it is a disease service
– and that wellbeing rests with
us, says the activity advocate
and healthy ageing champion.
He talks to Kate Cracknell
Active Blackpool is deploying Cornerstone Connect, a new digital interface allowing
disparate information from multiple systems to be aggregated into one dataset, to support
its focus on reducing health inequalities and improving healthy life expectancy.
STA is pleased to announce that its Safeguarding Children and Adults at Risk CPD has been
endorsed by the Chartered Institute for the Management of Sport and Physical Activity
(CIMSPA) against both the Safeguarding and Protecting Children and Safeguarding Adults
technical specialism professional standards.
CoverMe, the UK’s leading fitness workforce management and recruitment platform, has
partnered with Jobs In. Fitness, the specialist executive search and advisory firm for the
fitness and wellbeing sector, to give operators a single route to talent at every level –
from frontline staffing to C-suite.
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.
Collaborations with the medical profession and greater aspirations around wellbeing are creating a need for more experts in our sector. It’s time to reboot our thinking around the workforce
If the health service is to
survive, we must recognise
that it is a disease service
– and that wellbeing rests with
us, says the activity advocate
and healthy ageing champion.
He talks to Kate Cracknell
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Its CEO speaks to Kate Cracknell
Active Blackpool is deploying Cornerstone Connect, a new digital interface allowing
disparate information from multiple systems to be aggregated into one dataset, to support
its focus on reducing health inequalities and improving healthy life expectancy.
STA is pleased to announce that its Safeguarding Children and Adults at Risk CPD has been
endorsed by the Chartered Institute for the Management of Sport and Physical Activity
(CIMSPA) against both the Safeguarding and Protecting Children and Safeguarding Adults
technical specialism professional standards.
CoverMe, the UK’s leading fitness workforce management and recruitment platform, has
partnered with Jobs In. Fitness, the specialist executive search and advisory firm for the
fitness and wellbeing sector, to give operators a single route to talent at every level –
from frontline staffing to C-suite.