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UNITING THE WORLD OF FITNESS
Health Club Management

Health Club Management

News

Is Fitness First owner Oaktree shaping up for a sale?

Speculation is mounting that Fitness First could soon be up for sale, with owner Oaktree Capital Management said to be lining up a potential suitor for the gym chain.

One insider told Health Club Management that private equity firm Oaktree would “sell Fitness First today if it could,” noting that private equity is “ultimately, all about returns.”

Meanwhile, several recent business decisions have suggested that Oaktree may be planning an exit strategy. Chief among these was the decision in June to replace CEO Andrew Cosslett with Oren Peleg, one of Oaktree’s senior managers who has a strong pedigree in finance. Peleg's appointment sparked suggestions that he will move to cut costs and boost earnings ahead of a potential sale of Fitness First by Oaktree, which bought the company in 2012.

Since then, Fitness First has indicated that it is open to selling at least some of its UK locations. Sports Direct Fitness has refused to comment on rumours that it has been weighing up a bid for the wider Fitness First portfolio, having recently lost out to Pure Gym in the race to acquire similar-style gym chain LA fitness. Despite this, Sports Direct has indicated that it is eager to gain a stronger foothold in the south east of England – where Fitness First has more than 50 sites – backed by a £250m ‘war chest’.

Fitness First has recently outsourced its public relations to Tulchan Communications – a firm which “specialises in advising companies on their Capital Market Communications” as well as the “preparation and articulation of a compelling investment case, wrapped in a strong corporate narrative.”

A Tulchan spokesperson was unable to confirm or deny whether Fitness First is up for sale, stating simply: “No comment.”

Speculation is mounting that Fitness First could soon be up for sale, with owner Oaktree Capital Management said to be lining up a potential suitor for the gym chain.
HAF,FIT,IND
488219_937505.jpg
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Annual report
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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
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Tech
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
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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
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Social media influencers cause harm by raising unrealistic expectations of physical perfection, as Andrea Dearden explains
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Operators must be clear in their messaging so people find their way to a club they stick with. Try not to be all things to all people, and we can be successful at keeping them engaged
Featured supplier news
Featured supplier news: Thousands flock to register for Elevate 2022 in London this summer
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 supplier news
Featured supplier news: ACTIV partners with Fisikal to deliver custom branded member experience
ACTIV, a gym chain in Riyadh, Saudi Arabia, which operates separate gyms for men and women, has partnered with digital management solution expert Fisikal to create a custom branded experience for its members.
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.
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YOUR Personal Training is the UK’s largest and most successful PT Management company, offering a ...
Catalogue Gallery
Click on a catalogue to view it online
Directory
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Management software
Premier Software Solutions: Management software
Salt therapy products
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Whole body cryotherapy
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A Panatta Sport Srl: Fitness equipment
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trade associations
International SPA Association - iSPA: trade associations
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On demand
Fitness On Demand: On demand
Property & Tenders
Pendine Sands, Carmarthenshire
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Runcorn
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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
Messe Stuttgart, Germany
Diary dates
25-28 Oct 2022
Ibiza, Ibiza, Spain
Diary dates
01-07 Dec 2022
tbc, Dunedin, New Zealand
Diary dates
17-18 Mar 2023
Tobacco Dock, London, United Kingdom
Diary dates

News

Is Fitness First owner Oaktree shaping up for a sale?

Speculation is mounting that Fitness First could soon be up for sale, with owner Oaktree Capital Management said to be lining up a potential suitor for the gym chain.

One insider told Health Club Management that private equity firm Oaktree would “sell Fitness First today if it could,” noting that private equity is “ultimately, all about returns.”

Meanwhile, several recent business decisions have suggested that Oaktree may be planning an exit strategy. Chief among these was the decision in June to replace CEO Andrew Cosslett with Oren Peleg, one of Oaktree’s senior managers who has a strong pedigree in finance. Peleg's appointment sparked suggestions that he will move to cut costs and boost earnings ahead of a potential sale of Fitness First by Oaktree, which bought the company in 2012.

Since then, Fitness First has indicated that it is open to selling at least some of its UK locations. Sports Direct Fitness has refused to comment on rumours that it has been weighing up a bid for the wider Fitness First portfolio, having recently lost out to Pure Gym in the race to acquire similar-style gym chain LA fitness. Despite this, Sports Direct has indicated that it is eager to gain a stronger foothold in the south east of England – where Fitness First has more than 50 sites – backed by a £250m ‘war chest’.

Fitness First has recently outsourced its public relations to Tulchan Communications – a firm which “specialises in advising companies on their Capital Market Communications” as well as the “preparation and articulation of a compelling investment case, wrapped in a strong corporate narrative.”

A Tulchan spokesperson was unable to confirm or deny whether Fitness First is up for sale, stating simply: “No comment.”

Speculation is mounting that Fitness First could soon be up for sale, with owner Oaktree Capital Management said to be lining up a potential suitor for the gym chain.
HAF,FIT,IND
488219_937505.jpg

News

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
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
Fitness On Demand
Fitness On Demand
The health and fitness industry is eagerly awaiting the return of Elevate, which will take
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
Sport England and UK Active have signed a five-year partnership agreement which will see the
Planet Fitness is offering high-school students free access to any of its 2,200 locations in
Elevate
Elevate
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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
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
Global fitness technology provider Virtuagym has raised a new €3m investment from Icecat, an Amsterdam-based
Deborah Szekely, philanthropist, social activist, teacher and entrepreneur, has been inducted into the Wellness Hall
Multi-brand fitness chain Urban Gym Group (UGG) has raised €16m in capital. The funds will
Innovatise UK Ltd
Innovatise UK Ltd
1 - 20 of 12,209
HCM Magazine
Annual report
The trend of market consolidation by financial and strategic investors continued despite the influence of the pandemic
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
HCM People
We want Grndhouse to be everywhere: in gyms, hotels, on holidays, at home – it’s boutique fitness in your hand
HCM Magazine
Supplier showcase
Pulse Fitness and Bolsover District Council have been collaborating for many years to deliver dedicated community activity spaces
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
Tech
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
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
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
Social media influencers cause harm by raising unrealistic expectations of physical perfection, as Andrea Dearden explains
HCM magazine
Operators must be clear in their messaging so people find their way to a club they stick with. Try not to be all things to all people, and we can be successful at keeping them engaged
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
Fuel the debate about issues and opportunities across the industry. We’d love to hear from you – [email protected]
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
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HCM People

Gunnar Peterson

Chief of athletics, F45
Choose consistent over perfect. That’s the long game. It’s never too late to pivot to that mindset
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The pandemic brought about our sector’s biggest ever collaboration on COVID safety data. Lizzie Broughton tells the story
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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
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Featured supplier news
Featured supplier news: Thousands flock to register for Elevate 2022 in London this summer
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 supplier news
Featured supplier news: ACTIV partners with Fisikal to deliver custom branded member experience
ACTIV, a gym chain in Riyadh, Saudi Arabia, which operates separate gyms for men and women, has partnered with digital management solution expert Fisikal to create a custom branded experience for its members.
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: New partnership delivers swimming support to children with disabilities
A new partnership has been launched to provide inclusive swimming for children with mobility, visual and hearing disabilities.
Company profiles
Company profile: Fisikal Limited
Fisikal helps fitness professionals, operators and education organisations improve efficiencies and service through its online ...
Company profiles
Company profile: YOUR Personal Training
YOUR Personal Training is the UK’s largest and most successful PT Management company, offering a ...
Catalogue Gallery
Click on a catalogue to view it online
Directory
Lockers/interior design
Crown Sports Lockers: Lockers/interior design
Management software
Premier Software Solutions: Management software
Salt therapy products
Himalayan Source: Salt therapy products
Whole body cryotherapy
Zimmer MedizinSysteme GmbH / icelab: Whole body cryotherapy
Fitness equipment
A Panatta Sport Srl: Fitness equipment
Wearable technology solutions
MyZone: Wearable technology solutions
trade associations
International SPA Association - iSPA: trade associations
Spa software
SpaBooker: Spa software
Skincare
Comfort Zone - Davines S.p.A: Skincare
On demand
Fitness On Demand: On demand
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
Messe Stuttgart, Germany
Diary dates
25-28 Oct 2022
Ibiza, Ibiza, Spain
Diary dates
01-07 Dec 2022
tbc, Dunedin, New Zealand
Diary dates
17-18 Mar 2023
Tobacco Dock, London, United Kingdom
Diary dates
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