Zimmer MedizinSysteme GmbH / icelab
Zimmer MedizinSysteme GmbH / icelab
Zimmer MedizinSysteme GmbH / icelab
Health Club Management

Health Club Management

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UNITING THE WORLD OF FITNESS
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Health Club Management

Health Club Management

News

Technogym reportedly poised for Milan IPO

Global wellness giant Technogym is lining up a potential float on the Milan stock exchange, according to reports.

Reuters has cited two separate sources who said Technogym has picked Mediobanca, JP Morgan and Goldman Sachs as global co-ordinators of the proposed listing.

One of the sources indicated that the IPO would most likely take place next year, with Technogym said to be hoping for a valuation of at least 10 times earnings before interest, tax, depreciation and amortisation (EBITDA).

The company was founded in 1983 by Nerio Alessandri who – together with his brother Pierluigi – owns 60 per cent of the business. The remaining 40 per cent is held by private equity fund Arle Capital Partners.

Technogym enjoyed a strong set of financial results in 2014, as EBITDA rose 77 per cent (year-on-year) to €64.8m (US$69.9m, £46.4m), while net debt fell to €57.2m (US$61.5m, £41m) – down from €87m (US$93.5m, £62.3m) at the end of 2013.

Alessandri has built the company from its inception in a garage in Cesena, Italy, into one of the most recognised wellness brands in the world. The company has supplied fitness equipment for every Olympic Games since Sydney 2000 and will continue has also landed the exclusive contract for next year's Rio 2016 Olympics.

A Technogym spokesperson told Health Club Management: "We can only say that there is in place a preliminary study on an eventual Technogym IPO. The process is still at a very early stage and no decisions have been made."

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Global wellness giant Technogym is lining up a potential float on the Milan stock exchange, according to reports.
HAF,FIT,IND,PHR
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News

Technogym reportedly poised for Milan IPO

Global wellness giant Technogym is lining up a potential float on the Milan stock exchange, according to reports.

Reuters has cited two separate sources who said Technogym has picked Mediobanca, JP Morgan and Goldman Sachs as global co-ordinators of the proposed listing.

One of the sources indicated that the IPO would most likely take place next year, with Technogym said to be hoping for a valuation of at least 10 times earnings before interest, tax, depreciation and amortisation (EBITDA).

The company was founded in 1983 by Nerio Alessandri who – together with his brother Pierluigi – owns 60 per cent of the business. The remaining 40 per cent is held by private equity fund Arle Capital Partners.

Technogym enjoyed a strong set of financial results in 2014, as EBITDA rose 77 per cent (year-on-year) to €64.8m (US$69.9m, £46.4m), while net debt fell to €57.2m (US$61.5m, £41m) – down from €87m (US$93.5m, £62.3m) at the end of 2013.

Alessandri has built the company from its inception in a garage in Cesena, Italy, into one of the most recognised wellness brands in the world. The company has supplied fitness equipment for every Olympic Games since Sydney 2000 and will continue has also landed the exclusive contract for next year's Rio 2016 Olympics.

A Technogym spokesperson told Health Club Management: "We can only say that there is in place a preliminary study on an eventual Technogym IPO. The process is still at a very early stage and no decisions have been made."

Sign up for FREE ezines & magazines
Global wellness giant Technogym is lining up a potential float on the Milan stock exchange, according to reports.
HAF,FIT,IND,PHR
22491_989629.jpg

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Featured supplier news
Featured supplier: Harlands Effect: Make Your Business More Profitable
Harlands Group is a membership management service for health and fitness operators, which interacts directly with members to effectively manage membership payments.
Featured supplier news
Featured supplier: Not all functional training areas are created equal
In the last few years, the rise in popularity of functional training has been significant and operators are providing more space for functional training, both on the gym floor and in group training and studio settings.
Video Gallery
Harlands Group Overview
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More videos:
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Company profile: Physical Company Ltd
Physical Company provides specialist fitness solutions. This includes equipment, flooring, gym design, programming and training ...
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PAVIGYM is the premier innovator of flooring and interactive solutions for the global fitness industry....
Catalogue Gallery
Click on a catalogue to view it online
Directory
Fitness software
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Trade associations
International SPA Association - iSPA: Trade associations
Exercise equipment
Star Trac / Core Health & Fitness: Exercise equipment
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Zimmer MedizinSysteme GmbH / icelab
Zimmer MedizinSysteme GmbH / icelab