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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

énergie Fitness to recapitalise ahead of gym reopenings

We’re confident that the robust franchising network we built would enable us to continue to grow a strong, sustainable business, both domestically and internationally.
– Jan Spaticchia

HCM understands that the directors of énergie Fitness have brought in specialist company FRP Advisory (FRP) to look at options for recapitalising the business.

One of the ways forward being considered is a sale, with a management buyout team having already signalled its intention to bid.

This MBO team – led by founder and former chair of énergie, Jan Spaticchia – is being backed by RM Funds, the company’s existing secured lender and a fully-listed investment house.

énergie Fitness, which was founded in 2003, has 105 clubs, 143,000 members and 85 franchisees. Annual network turnover pre-COVID-19 was £33m.

The company was acquired in early August 2019 by Bridges Fund Management following a process led by Clearwater International.

At the time, RM Funds, the investment manager to RM Secured Direct Lending, provided a finance package to support Bridges’ acquisition.

Bridges had previously backed John Treharne's Gym Group and acquired Portuguese operator Fitness Hut through its interest in Viva Fit.

Commenting on the potential MBO, Spaticchia said: “I’m very confident in the business that the team and I built over 15 years. It’s well-placed to do its part in getting the nation back to exercise as we come out of the lockdown.

“We’re confident that the robust franchising network we built would enable us to continue to grow a strong, sustainable business, both domestically and internationally.”

“It’s a sign of the strength of this vision that the bank is prepared to back us in our bid to deliver the next stage of the company’s growth,” he said.

FRP Advisory is expected to announce the outcome of the sale process in early June.

Sign up here to get HCM's weekly ezine and every issue of HCM magazine free on digital.
HCM understands that the directors of énergie Fitness have brought in specialist company FRP Advisory (FRP) to look at options for recapitalising the business.
HAF,FIT,IND,PTS,PHR
2020/THUMB345560_256235_964539.jpg
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News

énergie Fitness to recapitalise ahead of gym reopenings

We’re confident that the robust franchising network we built would enable us to continue to grow a strong, sustainable business, both domestically and internationally.
– Jan Spaticchia

HCM understands that the directors of énergie Fitness have brought in specialist company FRP Advisory (FRP) to look at options for recapitalising the business.

One of the ways forward being considered is a sale, with a management buyout team having already signalled its intention to bid.

This MBO team – led by founder and former chair of énergie, Jan Spaticchia – is being backed by RM Funds, the company’s existing secured lender and a fully-listed investment house.

énergie Fitness, which was founded in 2003, has 105 clubs, 143,000 members and 85 franchisees. Annual network turnover pre-COVID-19 was £33m.

The company was acquired in early August 2019 by Bridges Fund Management following a process led by Clearwater International.

At the time, RM Funds, the investment manager to RM Secured Direct Lending, provided a finance package to support Bridges’ acquisition.

Bridges had previously backed John Treharne's Gym Group and acquired Portuguese operator Fitness Hut through its interest in Viva Fit.

Commenting on the potential MBO, Spaticchia said: “I’m very confident in the business that the team and I built over 15 years. It’s well-placed to do its part in getting the nation back to exercise as we come out of the lockdown.

“We’re confident that the robust franchising network we built would enable us to continue to grow a strong, sustainable business, both domestically and internationally.”

“It’s a sign of the strength of this vision that the bank is prepared to back us in our bid to deliver the next stage of the company’s growth,” he said.

FRP Advisory is expected to announce the outcome of the sale process in early June.

Sign up here to get HCM's weekly ezine and every issue of HCM magazine free on digital.
HCM understands that the directors of énergie Fitness have brought in specialist company FRP Advisory (FRP) to look at options for recapitalising the business.
HAF,FIT,IND,PTS,PHR
2020/THUMB345560_256235_964539.jpg

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Opinion
promotion
In a post-Covid world, member experience is more important than ever before. Your customers’ expectations have been heightened as the coronavirus continues to dominate our everyday lives.
Opinion: Why member experience is more important now than ever before
Opinion
promotion
Our world has changed since March and together, we are learning and adapting to how this sector can continue to thrive in this COVID conscious world.
Opinion: Why fitness clubs and facilities need to evolve in a COVID-conscious world
Featured supplier news
Featured supplier: Volution explains how to drive the lifetime value of members through virtual engagement
In April 2020, two-thirds of the world’s gyms went into temporary closure due to COVID-19.
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Featured supplier: CAWS unveils new programme designed to help trainers work with guests recovering from COVID-19
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Freemotion FUSION Team Training
FreeMotion Fitness
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More videos:
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Company profile: Proinsight Research Ltd
We take time at the outset to understand your unique customer journey. Then we work ...
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Click on a catalogue to view it online
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Hydrotherapy / spa fragrances
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Kisaco Research
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