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Life Fitness (UK) Ltd
Life Fitness (UK) Ltd
Life Fitness (UK) Ltd
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UNITING THE WORLD OF FITNESS
Health Club Management

Health Club Management

News

No firm plans for Gym Group listing, says COO

The Gym Group’s chief operating officer Jim Graham has poured cold water on press reports of an imminent £300m listing on the London stock market, insisting that no decision has been taken by the company’s board.

Several reports have surfaced suggesting the chain is poised to go public, citing conversations with city insiders, however Graham told Health Club Management the speculation is premature and that the chain has “no firm plans in place.”

Founded in 2007 by John Treharne with backing from private equity group Bridges Ventures, The Gym Group attracted fresh investment in 2013 when Phoenix Equity Partners bought a majority stake in the business.

“We’re a private equity-backed business, so obviously (floating) is something we constantly look at and have conversations about, but it’s extremely early to suggest that a listing is imminent,” said Graham, who was operating partner at Phoenix Equity Partners before joining The Gym Group.

“Going public would be a decision for the board based on what’s best for the business and its investors, but that isn’t a decision that’s been taken. Also, no decision has been made on how our private equity investors will one day exit the business, and going public is just one of a number of ways that could happen.”

Graham said speculation regarding the company’s direction was “part and parcel” of being a growing business. The low cost gym chain was recently named in the top 50 UK private companies with the fastest-growing sales over the latest three years, and aims to reach 80 sites by the end of 2015.

The rumblings of a stock market listing for The Gym Group come after the company abandoned a planned merger with rival chain Pure Gym in June last year, when the Competition and Markets Authority (CMA) decided to refer the proposed merger to an in-depth investigation – a move criticised by industry analyst Ray Algar as a “perplexing decision.”

The Gym Group’s chief operating officer Jim Graham has poured cold water on press reports of an imminent £300m listing on the London stock market, insisting that no decision has been taken by the company’s board.
HAF,FIT,IND,PHR
202061_947828.jpg
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Jo Farrier, head of commercial and resources at Active Northumberland, talks about how a strategic partnership with Technogym is changing public perceptions of council leisure facilities
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Featured supplier news
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Catalogue Gallery
Click on a catalogue to view it online
Directory
Uniforms
Service Sport: Uniforms
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Premier Software Solutions: Management software
Flooring
Total Vibration Solutions / TVS Sports Surfaces: Flooring
Independent service & maintenance
Servicesport UK Limited: Independent service & maintenance
Wearable technology solutions
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Property & Tenders
Newport, Shropshire
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Property & Tenders
Diary dates
18-19 Sep 2021
Locations worldwide,
Diary dates
21-24 Sep 2021
Messe Stuttgart, Germany
Diary dates
13-14 Oct 2021
Online,
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
01-07 Dec 2022
tbc, Dunedin, New Zealand
Diary dates

News

No firm plans for Gym Group listing, says COO

The Gym Group’s chief operating officer Jim Graham has poured cold water on press reports of an imminent £300m listing on the London stock market, insisting that no decision has been taken by the company’s board.

Several reports have surfaced suggesting the chain is poised to go public, citing conversations with city insiders, however Graham told Health Club Management the speculation is premature and that the chain has “no firm plans in place.”

Founded in 2007 by John Treharne with backing from private equity group Bridges Ventures, The Gym Group attracted fresh investment in 2013 when Phoenix Equity Partners bought a majority stake in the business.

“We’re a private equity-backed business, so obviously (floating) is something we constantly look at and have conversations about, but it’s extremely early to suggest that a listing is imminent,” said Graham, who was operating partner at Phoenix Equity Partners before joining The Gym Group.

“Going public would be a decision for the board based on what’s best for the business and its investors, but that isn’t a decision that’s been taken. Also, no decision has been made on how our private equity investors will one day exit the business, and going public is just one of a number of ways that could happen.”

Graham said speculation regarding the company’s direction was “part and parcel” of being a growing business. The low cost gym chain was recently named in the top 50 UK private companies with the fastest-growing sales over the latest three years, and aims to reach 80 sites by the end of 2015.

The rumblings of a stock market listing for The Gym Group come after the company abandoned a planned merger with rival chain Pure Gym in June last year, when the Competition and Markets Authority (CMA) decided to refer the proposed merger to an in-depth investigation – a move criticised by industry analyst Ray Algar as a “perplexing decision.”

The Gym Group’s chief operating officer Jim Graham has poured cold water on press reports of an imminent £300m listing on the London stock market, insisting that no decision has been taken by the company’s board.
HAF,FIT,IND,PHR
202061_947828.jpg

News

The US fitness industry lost around 58 per cent of its revenues during 2020, due
Speaking exclusive to HCM, Ralph Scholz and Nathalie Smeeman have confirmed that B2B trade show
The Pingdemic of people receiving notifications on their phones, telling them to self-isolate because of
The Gym Group has extended its partnership with digital fitness platform Fiit, becoming the first
The world's largest fitness trade fair, FIBO, has been rescheduled again and will now take
Rainer Schaller, founder of budget gym megabrand McFIT, says that the global fitness industry will
Innovatise UK Ltd
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Let’s talk about Orbit4 – the secret behind successful gyms. Gym operators have described Orbit4
The most high-risk and controversial Olympics of modern times begin today (23 July) in Tokyo,
Further research into the levels of positive COVID-19 cases among those to have visited fitness
Planning approval has been granted to what is set to become one of the first
Digital fitness content provider, Wexer, is launching a new wellness resource on its connected Web
Leisure-net has revealed plans to transform its active-net business event from an annual face-to-face gathering
F45's IPO on the New York Stock Exchange (NYSE) has revealed a strong appetite from
Miha Bodytec GmbH
Miha Bodytec GmbH
Digital meets personal with the new Virtual Player from FunXtion, experts in interactive fitness, which
A large health club plays a major role in tech giant Microsoft’s recently opened R&D
KA Leisure has appointed industry veteran Malcolm McPhail as its interim chief executive. McPhail, who
Aspria Holdings, owner of eight premium wellbeing clubs in Germany, Belgium and Italy, has entered
Vulnerable young people will be given opportunities to take part in sport and physical activity
Organisers of the Elevate event – scheduled to be held at London’s ExCeL on 28
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Life Fitness (UK) Ltd
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As gyms begin to reopen, cleanliness and hygiene remain an essential part of ensuring staff
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A new study claims that being physically active for 30 minutes a day, five days
Crown Sport Lockers (UK) Ltd
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1 - 20 of 11,973
HCM Magazine
Letters
Fuel the debate about issues and opportunities across the industry. We’d love to hear from you – [email protected]
HCM Magazine
Sponsored
Jo Farrier, head of commercial and resources at Active Northumberland, talks about how a strategic partnership with Technogym is changing public perceptions of council leisure facilities
HCM Magazine
Sponsored
Every gym design project should be designed from the floor up, says Physical Company’s James Anderson. He tells HCM why
HCM Magazine
Research
The results from the first Moving Communities Customer Experience survey present a positive picture of overall satisfaction with local authority facilities, explains Mike Hill
HCM Magazine
Sponsored
Empowered Brands has strengthened its leadership team with the appointment of a new chair and CEO following the untimely death of founder, Jan Spaticchia
HCM Magazine
Sponsored
With gyms reopening as the fitness industry recovers from the impact of lockdowns, members are seeking social interaction and engaging training experiences in a small group setting
HCM Magazine
Interview
‘After the rain comes the sunshine,’ says the founder and CEO of the RSG Group. He talks to Kate Cracknell about acquiring Gold’s Gym, continuing the global expansion of John Reed, and learning to live with COVID-19
HCM Magazine
HCM magazine
Rigs have been central to gyms for years. Now suppliers tell us how they’re evolving to meet the changing needs of clubs and clients
HCM magazine
HCM People

Preston Lewis

Co-founder, Black Box VR
Game designers have figured out how to keep people unhealthily addicted to games. If only you could be the hero in a game that levelled up your life
HCM magazine
With local authority facility management companies and councils under financial pressure due to the pandemic and issues emerging around health inequalities, will we see a trend towards councils insourcing the management of facilities? Kath Hudson rounds up views
HCM magazine
GM Active has launched a training programme to create a new generation of transformational leaders, as Liz Terry reports
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Six months on from the launch of its Kickstart programme, The Gym Group is hiring the majority of trainees, as Liz Terry reports
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The pandemic has disrupted everything and as businesses across the leisure industry reshape themselves to survive and thrive, new competition is emerging that will change the sector
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“A great atmosphere is just as important to the fitness journey as the right workout routine, says LEDSnaps’ CEO, Ian Kirby
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A new study claims being physically active for 30 minutes a day, five days a week, is not enough for those who spend the rest of their time being sedentary
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Premier Global NASM is setting personal trainers up for sustainable success with the launch of its online training bundle and app
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Featured supplier news
Featured supplier news: Cryotherapy specialists, L&R Kältetechnik, launch new artofcryo.com division
L&R Kältetechnik has launched a new division, named artofcryo.com, after 30 years’ experience with -110 °C electrical solutions.
Featured supplier news
Featured supplier news: FunXtion enhance interactive workouts with the launch of Virtual Player
Digital meets personal with the new Virtual Player from FunXtion, experts in interactive fitness, which allows clubs to stream and schedule world class virtual classes anytime, providing an interactive workout experience on the gym floor, functional area or directly to members at home via an app.
Featured operator news
Featured operator news: Everyone Active bolsters Everyone on Demand and enters second year with five new partnerships
Everyone Active has signed a number of new deals which will see the operator strengthen its digital product offering, Everyone on Demand.
Featured operator news
Featured operator news: Being active helps Parkwood Leisure customers save the NHS £16m
Parkwood Leisure, one of the UK’s leading public leisure facilities operators, helped prevent more than 7,000 cases of stroke, dementia, depression and type 2 diabetes in 2019, saving the NHS £16 million, a new social value report has shown.
Company profiles
Company profile: Les Mills UK
For over 50 years Les Mills has been leading the way in fitness to inspire ...
Company profiles
Company profile: Safe Space Lockers
Safe Space have over 25 years of experience in the UK leisure and fitness industry, ...
Catalogue Gallery
Click on a catalogue to view it online
Directory
Uniforms
Service Sport: Uniforms
Management software
Premier Software Solutions: Management software
Flooring
Total Vibration Solutions / TVS Sports Surfaces: Flooring
Independent service & maintenance
Servicesport UK Limited: Independent service & maintenance
Wearable technology solutions
MyZone: Wearable technology solutions
Red Light Therapy
 Red Light Rising: Red Light Therapy
Hydrotherapy / spa fragrances
Kemitron GmbH: Hydrotherapy / spa fragrances
Exercise equipment
Power Plate: Exercise equipment
Skincare
Comfort Zone - Davines S.p.A: Skincare
Spa software
SpaBooker: Spa software
Property & Tenders
Newport, Shropshire
Lilleshall Sports Academy
Property & Tenders
Pendine Sands, Carmarthenshire
Carmarthenshire County Council
Property & Tenders
Diary dates
18-19 Sep 2021
Locations worldwide,
Diary dates
21-24 Sep 2021
Messe Stuttgart, Germany
Diary dates
13-14 Oct 2021
Online,
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
01-07 Dec 2022
tbc, Dunedin, New Zealand
Diary dates
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Life Fitness (UK) Ltd
Life Fitness (UK) Ltd