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UNITING THE WORLD OF FITNESS
Health Club Management

Health Club Management

News

Pure Gym puts IPO on hold as Brexit bites

Pure Gym is to put its planned IPO on ice amid the ongoing market turbulence caused by Britain’s vote to leave the European Union.

The UK’s largest private gym chain had been gearing up for a summer listing, which would potentially have seen the company valued at more than £500m. However, Health Club Management understands that the IPO has now been put on the back-burner until the markets settle down in the wake of the Brexit vote.

As reported in January, Pure Gym has been considering following its budget rival The Gym Group onto the stock market for some time. Having taken control of the gym chain three years ago, US private equity firm CCMP Capital Advisors has hired the investment bank Rothschild to review options for cashing out on its investment, with investment banks Jefferies, JP Morgan, and Credit Suisse reported to have been handling plans for the IPO.

Health Club Management can also reveal that Pure Gym was considering a bid for fellow operator easyGym – which was reportedly put up for sale earlier this year – as it sought to continue its ambitious growth strategy.

Despite initial interest, it is understood that Pure Gym ultimately opted against a bid, with the geographical overlap of the two operators’ sites likely to have proved an issue with the Competition and Markets Authority (CMA) – a body Pure Gym is highly familiar with from its failed merger with The Gym Group and subsequent takeover of LA fitness.

A Pure Gym spokesperson declined to comment.

Pure Gym is to put its planned IPO on ice amid the ongoing market turbulence caused by Britain’s vote to leave the European Union.
HAF,FIT,IND,INV
980985_89748.jpg
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Postbag
As HCM passed its 300th edition milestone, readers shared their thoughts and feelings on HCM’s contribution to the industry in a very special postbag
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Write to reply
Fuel the debate about issues and opportunities across the industry. We’d love to hear from you – [email protected]
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Being physically active can heal damage caused by diabetes, enabling the activation of a natural system that grows new blood vessels, according to research in the US
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News

Pure Gym puts IPO on hold as Brexit bites

Pure Gym is to put its planned IPO on ice amid the ongoing market turbulence caused by Britain’s vote to leave the European Union.

The UK’s largest private gym chain had been gearing up for a summer listing, which would potentially have seen the company valued at more than £500m. However, Health Club Management understands that the IPO has now been put on the back-burner until the markets settle down in the wake of the Brexit vote.

As reported in January, Pure Gym has been considering following its budget rival The Gym Group onto the stock market for some time. Having taken control of the gym chain three years ago, US private equity firm CCMP Capital Advisors has hired the investment bank Rothschild to review options for cashing out on its investment, with investment banks Jefferies, JP Morgan, and Credit Suisse reported to have been handling plans for the IPO.

Health Club Management can also reveal that Pure Gym was considering a bid for fellow operator easyGym – which was reportedly put up for sale earlier this year – as it sought to continue its ambitious growth strategy.

Despite initial interest, it is understood that Pure Gym ultimately opted against a bid, with the geographical overlap of the two operators’ sites likely to have proved an issue with the Competition and Markets Authority (CMA) – a body Pure Gym is highly familiar with from its failed merger with The Gym Group and subsequent takeover of LA fitness.

A Pure Gym spokesperson declined to comment.

Pure Gym is to put its planned IPO on ice amid the ongoing market turbulence caused by Britain’s vote to leave the European Union.
HAF,FIT,IND,INV
980985_89748.jpg

News

The Gym Group’s (TGG) plans and profit forecasts were presented to analysts and investors during
A new physical activity programme called Big Sister has been launched in the UK to
Go Fit has been selected by the United Nations Economic Commission for Europe (UNECE) as
Ness, a US startup that is developing a range of wellness-driven credit cards, has launched
Following a history of supporting US military and service members, F45 has announced a new
Hyatt is piloting private gyms in five of its US hotels as part of its
Elevate
Elevate
Health clubs across the UK are facing huge rises in business energy bills which are
A young girl has died following an incident at the David Lloyd gym at Capability
New fitness franchise, Circuit Society, has signed its first London location in Bayswater. The 3,000sq
Active Nottingham, part of Nottingham City Council, has released a children’s book called Can We
The new £42m Moorways Sports Village will open its doors to the public on Saturday
Fitness industry veteran Harm Tegelaars has returned to the fitness industry by joining the board
Planet Fitness saw its Q1 2022 revenue increase by 66.9 per cent (to US$186.7m) on
Fitness On Demand
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Questex’s iconic event Sibec Europe-UK – known as Europe’s leading hosted buyer event for the
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Being physically active can counter the damage of diabetes by enabling the activation of a
Altis, an artificial intelligence-based personal trainer solution, has secured more than US$3m worth of financing,
Members of the United States Congress and Washington DC staff are competing against each other
ukactive
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With a focus on globalisation, Magicline has officially launched its software in the UK. As
1Rebel has acquired two Core Collective clubs as part of a pre-pack administration deal, along
Basic-Fit opened a record number of 72 clubs in the first quarter of 2022. Fifty-five
Les Mills
Les Mills
1 - 20 of 12,211
HCM Magazine
Supplier showcase
Pulse Fitness and Bolsover District Council have been collaborating for many years to deliver dedicated community activity spaces
HCM Magazine
Facilities
What to do when your changing rooms need a refresh, but your budget is stretched? These specialists share their top tips for easy upgrades that won’t break the bank
HCM Magazine
Research
Bryce Hastings, head of research at Les Mills, explains the latest research into exercise motivation, giving tips on how to engage hard-to-reach members
HCM Magazine
Editor's letter
Having a portfolio of more than 1,000 health club locations is the aim of ambitious operators, with this elite category growing fast, creating new dynamics in the market
HCM Magazine
Q&A
Social media influencers cause harm by raising unrealistic expectations of physical perfection, as Andrea Dearden explains
HCM Magazine
Postbag
As HCM passed its 300th edition milestone, readers shared their thoughts and feelings on HCM’s contribution to the industry in a very special postbag
HCM Magazine
Write to reply
Fuel the debate about issues and opportunities across the industry. We’d love to hear from you – [email protected]
HCM Magazine
HCM magazine
Being physically active can heal damage caused by diabetes, enabling the activation of a natural system that grows new blood vessels, according to research in the US
HCM magazine
HCM People

Louis Rennocks

Co-founder, Grndhouse
We want Grndhouse to be everywhere: in gyms, hotels, on holidays, at home – it’s boutique fitness in your hand
HCM magazine
HCM People

Jon Wright

Founder and CEO, Feel Electric
We’ve set ourselves the initial goal of developing 100 Feel Electric sites, using a cluster model
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Choose consistent over perfect. That’s the long game. It’s never too late to pivot to that mindset
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Featured supplier news
Featured supplier news: UK health clubs hit by rising cost of energy
Health clubs across the UK are facing huge rises in business energy bills which are forcing difficult decisions.
Featured supplier news
Featured supplier news: active-net 2022 tackles mental health awareness
More than 100 industry delegates met in person at the annual active-net event at Eastwood Hall in Nottingham on 23-24 March.
Featured operator news
Featured operator news: Serco Leisure wins 10-year Mansfield contract
Following a competitive tendering process, Serco Leisure and its partner More Leisure Community Trust Limited (MLCT) have been awarded a 10-year contract by Mansfield District Council to operate three centres in the town, starting 1 May 2022.
Featured operator news
Featured operator news: Everyone Active to launch new exercise classes to reduce gender gap
As part of their work to break down the barriers that deter women and girls from participating in sport and physical activity, Everyone Active has teamed up with EMD UK to launch new exercise classes linked to the This Girl Can campaign.
Video Gallery
Mindbody, Inc
Mindbody, Inc
Total Vibration Solutions / Floors 4 Gyms / TVS Sports Surfaces
Company profiles
Company profile: TRIB3 International Ltd
First established in Sheffield in January 2016 TRIB3 is a bootcamp boutique studio designed to ...
Company profiles
Company profile: Les Mills UK
For over 50 years Les Mills has been leading the way in fitness to inspire ...
Supplier Showcases
Supplier showcase - Pulse Fitness: trusted partner
Catalogue Gallery
Click on a catalogue to view it online
Directory
Management software
Premier Software Solutions: Management software
Lockers/interior design
Crown Sports Lockers: Lockers/interior design
Wearable technology solutions
MyZone: Wearable technology solutions
Skincare
Comfort Zone - Davines S.p.A: Skincare
Architects/designers
Zynk Design Consultants: Architects/designers
Salt therapy products
Himalayan Source: Salt therapy products
On demand
Fitness On Demand: On demand
Flooring
Total Vibration Solutions / TVS Sports Surfaces: Flooring
Spa software
SpaBooker: Spa software
Whole body cryotherapy
Art of Cryo: Whole body cryotherapy
Property & Tenders
Pendine Sands, Carmarthenshire
Carmarthenshire County Council
Property & Tenders
Runcorn
Halton Borough Council
Property & Tenders
Diary dates
15-16 Jun 2022
ExCeL London, London, United Kingdom
Diary dates
30-30 Jun 2022
The ICC, Birmingham, Birmingham , United Kingdom
Diary dates
12-13 Sep 2022
Wyndham Lake Buena Vista Disney Springs® Resort, Lake Buena Vista, United States
Diary dates
25-28 Oct 2022
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Diary dates
25-28 Oct 2022
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Diary dates
01-07 Dec 2022
tbc, Dunedin, New Zealand
Diary dates
17-18 Mar 2023
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