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.
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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.
For every member with a tripod and a big following, there are others irritated at the way equipment is being hogged or wary they’ll be in the background on someone’s Insta feed. Do influencers offer valuable, free marketing or are they just a nuisance? Kath Hudson finds out how operators are responding
As the entrepreneur who started Wexer, Fresh Fitness, Fitness DK and Repeat, as well as being a former elite athlete, Rasmus Ingerslev’s life looked perfect from the outside, but onthe inside it was a different story. He talks to Kath Hudson about healing old wounds
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Celebrating its milestone 5th anniversary, W3Fit EMEA returns in 2026 with an unmissable
gathering of the Health & Fitness industry’s most influential leaders.
Passengers flying out of Riyadh this week have been treated to an extraordinary sight from
the skies after GymNation unveiled a giant desert sand mural supporting the Saudi Arabia
National Football Team ahead of the FIFA World Cup in the United States.