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UNITING THE WORLD OF FITNESS
Health Club Management

Health Club Management

News

KSL Capital Partners acquires Village Urban Resorts chain

US private equity firm KSL Capital Partners has acquired the UK-based Village Urban Resorts from De Vere Group for a figure reported to be around £480m.

The 25-strong Village Urban chain features a mid-market Velocity Health and Fitness Club in each of its locations. Velocity clubs feature extensive fitness facilities, a pool, spa, MyZone heart rate tracking technology and free group exercise classes.

KSL is focused on investing in travel and leisure businesses and was reported to be mulling a bid for the David Lloyd health club estate in 2013, although that deal was eventually sealed by equity firm TDR Capital.

KSL has committed to growing the Village Urban business by both reinvigorating the existing portfolio and expanding into new markets. Three new locations are scheduled to open shortly in Aberdeen, Glasgow and Edinburgh, with each set to feature a Velocity health club.

“Village occupies a unique position in the UK market because of all it has to offer consumers,” said Coley Brenan, a principal at KSL.

“With a very strong following and thousands of loyal members, we believe Village has tremendous potential for future growth. We are very pleased to add Village to KSL’s portfolio of investments in the UK.”

Gary Davis, former CEO of Malmaison and Hotel du Vin – which KSL also owns along with the Belfry golf complex – will head up Village Urban as part of the new deal.

Leisure Opportunities understands that Village Urban Resorts employees have been asked to refrain from commenting on the deal at this stage.

US private equity firm KSL Capital Partners has acquired the UK-based Village Urban Resorts from De Vere Group for a figure reported to be around £480m.
HAF,FIT,IND,HHR,HOT,RST
932168_386849.jpg
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15-16 Jun 2022
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News

KSL Capital Partners acquires Village Urban Resorts chain

US private equity firm KSL Capital Partners has acquired the UK-based Village Urban Resorts from De Vere Group for a figure reported to be around £480m.

The 25-strong Village Urban chain features a mid-market Velocity Health and Fitness Club in each of its locations. Velocity clubs feature extensive fitness facilities, a pool, spa, MyZone heart rate tracking technology and free group exercise classes.

KSL is focused on investing in travel and leisure businesses and was reported to be mulling a bid for the David Lloyd health club estate in 2013, although that deal was eventually sealed by equity firm TDR Capital.

KSL has committed to growing the Village Urban business by both reinvigorating the existing portfolio and expanding into new markets. Three new locations are scheduled to open shortly in Aberdeen, Glasgow and Edinburgh, with each set to feature a Velocity health club.

“Village occupies a unique position in the UK market because of all it has to offer consumers,” said Coley Brenan, a principal at KSL.

“With a very strong following and thousands of loyal members, we believe Village has tremendous potential for future growth. We are very pleased to add Village to KSL’s portfolio of investments in the UK.”

Gary Davis, former CEO of Malmaison and Hotel du Vin – which KSL also owns along with the Belfry golf complex – will head up Village Urban as part of the new deal.

Leisure Opportunities understands that Village Urban Resorts employees have been asked to refrain from commenting on the deal at this stage.

US private equity firm KSL Capital Partners has acquired the UK-based Village Urban Resorts from De Vere Group for a figure reported to be around £480m.
HAF,FIT,IND,HHR,HOT,RST
932168_386849.jpg

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HCM Magazine
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The pandemic brought business as we knew it to a standstill. But not for long. Software companies were quick to provide solutions to help clubs adapt and now these are here to stay. Suppliers tell HCM how the pandemic is changing the industry for the better
HCM Magazine
Sponsored
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Supplier showcase
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Company profiles
Company profile: RISE Fitness Franchise
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Company profiles
Company profile: Pulse Fitness
With an award-winning portfolio of over 450 pieces of cutting-edge, premium fitness equipment, Pulse Fitness ...
Supplier Showcases
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Catalogue Gallery
Click on a catalogue to view it online
Directory
Architects/designers
Zynk Design Consultants: Architects/designers
Wearable technology solutions
MyZone: Wearable technology solutions
Lockers/interior design
Crown Sports Lockers: Lockers/interior design
Management software
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Zimmer MedizinSysteme GmbH / icelab: Whole body cryotherapy
Salt therapy products
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Flooring
Total Vibration Solutions / TVS Sports Surfaces: Flooring
On demand
Fitness On Demand: On demand
Exercise equipment
Matrix Fitness: Exercise equipment
Property & Tenders
Bilborough, Nottingham
Bilborough College
Property & Tenders
Welwyn Garden City
Welwyn Hatfield Borough Council
Property & Tenders
Diary dates
01-03 Feb 2022
Coventry Building Society Arena, Coventry, United Kingdom
Diary dates
07-10 Apr 2022
Exhibition Centre , Cologne, Germany
Diary dates
15-16 Jun 2022
ExCeL London, London, United Kingdom
Diary dates
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Diary dates
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