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Floors 4 Gyms / TVS Sports Surfaces
Floors 4 Gyms / TVS Sports Surfaces
Floors 4 Gyms / TVS Sports Surfaces
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UNITING THE WORLD OF FITNESS
Health Club Management

Health Club Management

News

Virgin Active reportedly poised for £1bn stock market floatation

Virgin Active is lining up a potential £1bn-plus float or sale, with the company close to appointing advisers on the process, according to a report in The Times.

The health club giant this week announced a 10 per cent increase in underlying profits – it was also recently named Europe’s leading health club chain in terms of revenue – and is reportedly eager to cash in on its strong position.

Virgin Active is believed to have hired City IPO consultancy firm STJ Advisors to sound out interest from investment banks, according to The Times. It added that a primary listing would probably be sought in London, with a secondary listing in South Africa, where Virgin Active has more than 100 clubs.

The company is owned by Richard Branson’s Virgin Group and CVC Capital Partners – the private equity firm which owned a large stake in Merlin Entertainments when it successfully floated in November. CVC chose Goldman Sachs, Barclays, Citi and Morgan Stanley to handle the Merlin IPO – which came with an attractive retail offer for small investors – and a potential Virgin Active float is also expected to include a retail offer.

Virgin Active has been open about its IPO ambitions in the past and has come close to going public on several occasions. However, the newspaper article claims that the gym chain – which has 270 clubs worldwide – also remains open to a secondary private equity buyout or trade deal.

In January, the company laid the groundwork for a long-term IPO plan, announcing a £100m three year investment across its UK sites to boost membership. At the time, Virgin Active UK managing director Matt Merrick confirmed the company remained a “strong candidate” for a stock market listing, without setting out a timescale.

Virgin Active has also been rumoured to be planning a stronger push into the Asian markets – a strategy also announced by rivals Fitness First – following recent openings in Singapore and Bangkok.

Virgin Active declined to comment on its IPO aspirations when contacted by Health Club Management.

Virgin Active is lining up a potential £1bn-plus float or sale, with the company close to appointing advisers on the process, according to a report in The Times.
HAF,FIT,IND,PHR
861345_612808.jpg
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News

Virgin Active reportedly poised for £1bn stock market floatation

Virgin Active is lining up a potential £1bn-plus float or sale, with the company close to appointing advisers on the process, according to a report in The Times.

The health club giant this week announced a 10 per cent increase in underlying profits – it was also recently named Europe’s leading health club chain in terms of revenue – and is reportedly eager to cash in on its strong position.

Virgin Active is believed to have hired City IPO consultancy firm STJ Advisors to sound out interest from investment banks, according to The Times. It added that a primary listing would probably be sought in London, with a secondary listing in South Africa, where Virgin Active has more than 100 clubs.

The company is owned by Richard Branson’s Virgin Group and CVC Capital Partners – the private equity firm which owned a large stake in Merlin Entertainments when it successfully floated in November. CVC chose Goldman Sachs, Barclays, Citi and Morgan Stanley to handle the Merlin IPO – which came with an attractive retail offer for small investors – and a potential Virgin Active float is also expected to include a retail offer.

Virgin Active has been open about its IPO ambitions in the past and has come close to going public on several occasions. However, the newspaper article claims that the gym chain – which has 270 clubs worldwide – also remains open to a secondary private equity buyout or trade deal.

In January, the company laid the groundwork for a long-term IPO plan, announcing a £100m three year investment across its UK sites to boost membership. At the time, Virgin Active UK managing director Matt Merrick confirmed the company remained a “strong candidate” for a stock market listing, without setting out a timescale.

Virgin Active has also been rumoured to be planning a stronger push into the Asian markets – a strategy also announced by rivals Fitness First – following recent openings in Singapore and Bangkok.

Virgin Active declined to comment on its IPO aspirations when contacted by Health Club Management.

Virgin Active is lining up a potential £1bn-plus float or sale, with the company close to appointing advisers on the process, according to a report in The Times.
HAF,FIT,IND,PHR
861345_612808.jpg

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PM, Boris Johnson, has confirmed that gyms, swimming pools and leisure centres in England will
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fibodo Limited
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Having achieved success with a number of global brands in healthcare, the Fixing Dad team is keen to partner with the health and fitness industry
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All products have been priced competitively, using Amazon as a benchmark, to ensure the shop can thrive in a competitive market
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Tracking consumers’ sentiment in relation to lockdowns gives valuable insights into members’ priorities. Leisure-net surveyed the first two UK lockdowns and is currently working on the third. Dave Monkhouse reports on results from the lockdown 2 survey
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Video Gallery
Excite Live Experience: Join the party with Technogym
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The new Excite line makes training more fun and inspiring for any age or fitness level with lots of workouts and entertainment options. Read more
More videos:
Company profiles
Company profile: Wexer
Our mission at Wexer is to make world-class exercise accessible to everyone by harnessing the ...
Company profiles
Company profile: FunXtion International BV
Unlock your club’s digital potential with the FunXtion Platform. Deliver engaging and immersive digital fitness ...
Supplier Showcases
Supplier showcase - Venueserve Fitness
Catalogue Gallery
Click on a catalogue to view it online
Directory
Whole body cryotherapy
Zimmer MedizinSysteme GmbH / icelab: Whole body cryotherapy
Flooring
REGUPOL/Berleburger Schaumstoffwerk (BSW): Flooring
Independent service & maintenance
Servicesport UK Limited: Independent service & maintenance
Management software
fibodo Limited: Management software
Member feedback software
AskNicely: Member feedback software
Fitness equipment
Precor: Fitness equipment
Lockers/interior design
Safe Space Lockers Ltd: Lockers/interior design
Red Light Therapy
 Red Light Rising: Red Light Therapy
Spa software
SpaBooker: Spa software
Exercise equipment
Matrix Fitness: Exercise equipment
Property & Tenders
Diary dates
23-26 Feb 2021
IFEMA, Madrid, Spain
Diary dates
03-04 Mar 2021
NEC, Birmingham, United Kingdom
Diary dates
03-06 Jun 2021
Expo Centre & Riviera di Rimini, Italy
Diary dates
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Diary dates
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Search news, features & products:
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Floors 4 Gyms / TVS Sports Surfaces
Floors 4 Gyms / TVS Sports Surfaces