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UNITING THE WORLD OF FITNESS
Health Club Management

Health Club Management

News

Pure Gym ponders £500m+ IPO

Pure Gym is preparing for a change of ownership, with a stock market float worth £500m or more the most likely outcome, Health Club Management can confirm.

Having taken control of Pure Gym three years ago, US private equity firm CCMP Capital Advisors has hired the investment bank Rothschild to review options for cashing out on its investment.

With around 140 sites, Pure Gym is the UK’s largest gym chain and is currently in the process of converting the majority of the 42 clubs it bought from LA fitness last year for an estimated £70m. Pure Gym was recently named the 9th fastest growing private company in the UK, and is expected to open a further 35-40 sites (including the remaining LA fitness sites) during 2016.

This rapid expansion has seen Pure Gym grow to double the size of nearest budget rival The Gym Group, which it nearly merged with 18 months ago. The Gym Group’s market value has increased to around £260m since its own IPO in November, and the market appetite for a directly comparable business would suggest that Pure Gym could receive a valuation in excess of £500m if it were to follow suit.

It is understood that a change of ownership is likely to take place in the next six to 18 months – be that through an IPO or a buyout by private investors – however current stock market turbulence and several other factors mean that a clear timeline for a deal is yet to be established.

Despite having experienced mixed fortunes in its previous brushes with the stock market, the health club sector has been attracting close attention from investors in recent months. Following The Gym Group’s successful IPO, fitness industry analyst Gareth Jones suggested that the float may embolden other operators – particularly those with private equity backing – to reevaluate the merits of going public.

Pure Gym is preparing for a change of ownership, with a stock market float worth £500m or more the most likely outcome, Health Club Management can confirm.
HAF,FIT,IND,PHR
980985_89748.jpg
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News

Pure Gym ponders £500m+ IPO

Pure Gym is preparing for a change of ownership, with a stock market float worth £500m or more the most likely outcome, Health Club Management can confirm.

Having taken control of Pure Gym three years ago, US private equity firm CCMP Capital Advisors has hired the investment bank Rothschild to review options for cashing out on its investment.

With around 140 sites, Pure Gym is the UK’s largest gym chain and is currently in the process of converting the majority of the 42 clubs it bought from LA fitness last year for an estimated £70m. Pure Gym was recently named the 9th fastest growing private company in the UK, and is expected to open a further 35-40 sites (including the remaining LA fitness sites) during 2016.

This rapid expansion has seen Pure Gym grow to double the size of nearest budget rival The Gym Group, which it nearly merged with 18 months ago. The Gym Group’s market value has increased to around £260m since its own IPO in November, and the market appetite for a directly comparable business would suggest that Pure Gym could receive a valuation in excess of £500m if it were to follow suit.

It is understood that a change of ownership is likely to take place in the next six to 18 months – be that through an IPO or a buyout by private investors – however current stock market turbulence and several other factors mean that a clear timeline for a deal is yet to be established.

Despite having experienced mixed fortunes in its previous brushes with the stock market, the health club sector has been attracting close attention from investors in recent months. Following The Gym Group’s successful IPO, fitness industry analyst Gareth Jones suggested that the float may embolden other operators – particularly those with private equity backing – to reevaluate the merits of going public.

Pure Gym is preparing for a change of ownership, with a stock market float worth £500m or more the most likely outcome, Health Club Management can confirm.
HAF,FIT,IND,PHR
980985_89748.jpg

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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: active-net 2022 tackles mental health awareness
More than 100 industry delegates met in person at the annual active-net event at Eastwood Hall in Nottingham on 23-24 March.
Featured operator news
Featured operator news: Everyone Active to launch new exercise classes to reduce gender gap
As part of their work to break down the barriers that deter women and girls from participating in sport and physical activity, Everyone Active has teamed up with EMD UK to launch new exercise classes linked to the This Girl Can campaign.
Featured operator news
Featured operator news: New £42m Moorways Sports Village to open on 21 May
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
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Company profiles
Company profile: Core Health & Fitness
Core Health & Fitness offers the commercial health and fitness club marketplace an unmatched portfolio ...
Company profiles
Company profile: Serco Leisure
Serco Leisure Operating Limited is one of the UK’s leading national operators of leisure centres, ...
Catalogue Gallery
Click on a catalogue to view it online
Directory
Wearable technology solutions
MyZone: Wearable technology solutions
Salt therapy products
Saltability: Salt therapy products
Management software
Premier Software Solutions: Management software
Spa software
SpaBooker: Spa software
Lockers/interior design
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On demand
Fitness On Demand: On demand
Whole body cryotherapy
Zimmer MedizinSysteme GmbH / icelab: Whole body cryotherapy
trade associations
International SPA Association - iSPA: trade associations
Skincare
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Flooring
Total Vibration Solutions / TVS Sports Surfaces: Flooring
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Runcorn
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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
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Diary dates
25-28 Oct 2022
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Diary dates
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