News
easyGym owners ‘lining up a sale’
By Jak Phillips
easyGym has an enviable property footprint in London, including a flagship location on Oxford Street
Low cost health club chain easyGym is reportedly being prepared for a sale.
According to Sky News, a sale of the 14-site gym chain is being lined up by the company’s major shareholders, said not to include easyGroup founder Sir Stelios Haji-Ioannou. Investment bank Houlihan Lokey has reportedly been appointed to oversee a sale later this year by the shareholders, who include the company's management, private equity firm Argosy Capital and Middle Eastern investment vehicle Fit & Healthy Holdings.
easyGym, which is helmed by CEO and co-founder Paul Lorimer-Wing, has an enviable property footprint in London, with half of its gyms situated in the capital including a flagship location on Oxford Street.
The mooted sale is the latest market activity in what has been a busy couple of months for the gym industry. Fitness First owner Oaktree Capital Management is understood to have put the high profile chain up for sale, meanwhile The Gym Group recently went public and budget rival Pure Gym is expected to soon follow suit with a potential £500m+ listing.
Health Club Management has contacted easyGym for comment on the report.
Low cost health club chain easyGym is reportedly being prepared for a sale.
HAF,FIT,IND,PHR
790677_489205.jpg
News
26 May 2022
The Leisure Database Company (TLDB) has revealed its State of the Fitness Industry Report UK
25 May 2022
The Gym Group’s (TGG) plans and profit forecasts were presented to analysts and investors during
23 May 2022
A new physical activity programme called Big Sister has been launched in the UK to
21 May 2022
Go Fit has been selected by the United Nations Economic Commission for Europe (UNECE) as
19 May 2022
Ness, a US startup that is developing a range of wellness-driven credit cards, has launched
19 May 2022
Following a history of supporting US military and service members, F45 has announced a new
According to our poll, the first thing 80 per cent of operators and gym owners
18 May 2022
Hyatt is piloting private gyms in five of its US hotels as part of its
17 May 2022
A young girl has died following an incident at the David Lloyd gym at Capability
17 May 2022
New fitness franchise, Circuit Society, has signed its first London location in Bayswater. The 3,000sq
16 May 2022
Active Nottingham, part of Nottingham City Council, has released a children’s book called Can We
13 May 2022
The new £42m Moorways Sports Village will open its doors to the public on Saturday
11 May 2022
Fitness industry veteran Harm Tegelaars has returned to the fitness industry by joining the board
Capitalising on Schwinn’s decades of experience and iconic leadership in commercial indoor cycling, Core Health
11 May 2022
Planet Fitness saw its Q1 2022 revenue increase by 66.9 per cent (to US$186.7m) on
10 May 2022
Sport England and UK Active have signed a five-year partnership agreement which will see the
10 May 2022
Planet Fitness is offering high-school students free access to any of its 2,200 locations in
09 May 2022
How can organisations, including health club and leisure businesses, decarbonise, generate clean energy and harness
06 May 2022
Being physically active can counter the damage of diabetes by enabling the activation of a
06 May 2022
Altis, an artificial intelligence-based personal trainer solution, has secured more than US$3m worth of financing,
Questex’s iconic event Sibec Europe-UK – known as Europe’s leading hosted buyer event for the
05 May 2022
Members of the United States Congress and Washington DC staff are competing against each other
1Rebel snaps up Core Collective in pre-pack administration deal – reveals international growth plans
04 May 2022
1Rebel has acquired two Core Collective clubs as part of a pre-pack administration deal, along
HCM Magazine
HCM People
We’ve set ourselves the initial goal
of developing 100 Feel Electric
sites, using a cluster model
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
Insight
The Global Wellness Summit brought together public health
and wellness experts in Boston recently. Jane Kitchen was
there for HCM to see first-hand what this ‘New new
era in health and wellness’ will look like for the sector
HCM Magazine
Supplier showcase
Pulse Fitness and Bolsover District Council have been collaborating for many years to deliver dedicated community activity spaces
HCM Magazine
Insight
The pandemic brought about our sector’s
biggest ever collaboration on COVID
safety data. Lizzie Broughton tells the story
HCM Magazine
Sponsored
Yate Leisure is one of the largest sites in Circadian Trust’s
portfolio, with around 4,000 members. Ben Beasley, director
of commercial development, explains why they were an early
adopter of Technogym Biocircuit, and how the offer has evolved
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
HCM magazine
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
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
“I’ve never believed in the hybrid model. People want to be around people. That’s why clubs are so powerful, and that’s what we need to play on”
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
In the wake of the pandemic, is the time ripe to change the language around
the role of exercise professionals, and gain greater trust from the healthcare sector?
HCM magazine
Social media influencers cause harm by raising unrealistic expectations of physical perfection, as Andrea Dearden explains
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
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
Each health club has its own unique challenges,
but the right tech solution can make all the
difference. In the first of a two-part series,
specialists share how they’ve solved specific issues
HCM magazine
Current vacancies
School Cycling Instructor Outspoken Training
£12 per hour + holiday pay
Warwickshire, United Kingdom
Current vacancies
Duty Manager Vision Redbridge Culture and Leisure Ltd
£24,303pa + annual performance reward + benefits
Ilford, London, United Kingdom
Read the latest issue
Featured supplier news
With a focus on globalisation, Magicline has officially launched its software in the UK. As
Europe’s leading gym management software company, the company strives to provide the best
tools for gym owners to be successful, win new members and elevate their businesses.
Featured supplier news
The health and fitness industry is eagerly awaiting the return of Elevate, which will take
place on 15-16 June 2022 at ExCeL London.
Featured operator news
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
Everyone Active will open Moorways Sports Village to the public on Saturday 21 May with a
grand opening weekend – in time for the half term holidays.
Video Gallery
Total Vibration Solutions / Floors 4 Gyms / TVS Sports Surfaces
Mindbody, Inc
Mindbody, Inc
Company profiles
Precor has been a pioneer in delivering fitness experiences for commercial customers for more than ...
Company profiles
Mindbody is the leading technology platform for the wellness industry, featuring an app that allows ...
Directory
Management software
Fitness equipment
trade associations
Flooring
Spa software
Lockers/interior design
On demand
Architects/designers
Wearable technology solutions
Skincare
Training opportunities
Property & Tenders
Pendine Sands, Carmarthenshire
Carmarthenshire County Council
Property & Tenders
Diary dates
12-13 Sep 2022
Wyndham Lake Buena Vista Disney Springs® Resort, Lake Buena Vista, United States
Diary dates
Search news, features & products:
Find a supplier:
