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Core Health & Fitness
Core Health & Fitness
Core Health & Fitness
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UNITING THE WORLD OF FITNESS
Health Club Management

Health Club Management

News

easyGym owners ‘lining up a sale’

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.

Sign up here to get HCM's weekly ezine and every issue of HCM magazine free on digital.
Low cost health club chain easyGym is reportedly being prepared for a sale.
HAF,FIT,IND,PHR
790677_489205.jpg
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Randy Hetrick

Founder of TRX and OutFit
I don’t want to compete with gyms, I want to complement them. We’re going to places where they’re not – parks, schools and cul-de-sacs
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We’ve never wanted to be the biggest, just the best
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Click on a catalogue to view it online
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01-03 Feb 2022
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07-10 Apr 2022
Exhibition Centre , Cologne, Germany
Diary dates
15-16 Jun 2022
ExCeL London, London, United Kingdom
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01-07 Dec 2022
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News

easyGym owners ‘lining up a sale’

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.

Sign up here to get HCM's weekly ezine and every issue of HCM magazine free on digital.
Low cost health club chain easyGym is reportedly being prepared for a sale.
HAF,FIT,IND,PHR
790677_489205.jpg

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Les Mills
Les Mills
1 - 20 of 12,122
HCM Magazine
Statistics
Operators are adding new services, with the top five being wellness, nutrition, massage therapy, physical therapy and meditation
HCM Magazine
Sponsored
Fitronics’ new member journey software is supporting the University of Oxford in improving its services for users
HCM Magazine
Software
The pandemic brought business as we knew it to a standstill. But not for long. Software companies were quick to provide solutions to help clubs adapt and now these are here to stay. Suppliers tell HCM how the pandemic is changing the industry for the better
HCM Magazine
Supplier showcase
TVS Group installs a new world class facilities at the University of Kent in partnership with Robbins
HCM Magazine
Opinion
Florence Nightingale played an important role in the fitness industry and if she were still with us, she’d certainly be campaigning for fitness trainers to be fully involved in combating the effects of lockdown, says Muir Gray
HCM Magazine
Everyone’s talking about
Despite the renewed interest in health, a proportion of people remain nervous about going back to health clubs because of infection levels in the wider community. Would making adjustments to pricing help overcome these barriers? Kath Hudson investigates
HCM Magazine
Standards
EuropeActive and the European Committee for Standardisation are launching new standards for a wide range of health club operations, as Cliff Collins explains
HCM Magazine
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HCM People

Randy Hetrick

Founder of TRX and OutFit
I don’t want to compete with gyms, I want to complement them. We’re going to places where they’re not – parks, schools and cul-de-sacs
HCM magazine
We’ve never wanted to be the biggest, just the best
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Fuel the debate about issues and opportunities across the industry. We’d love to hear from you – [email protected]
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Covid-19 has accelerated digital transformation within the fitness industry, and there isn’t a fitness brand or business that hasn’t been forced to adapt or pivot to digital.
Featured supplier news
Featured supplier news: Orbit4: 2022 is going to be extraordinary, are you ready for it?
No two gyms are the same, but making the most of AI and digital transformation will be key to getting your business ahead in 2022, according to CEO of Orbit4 Daniel Jones.
Featured operator news
Featured operator news: Innovative experience TAGactive launched at Everyone Active
Everyone Active opened its first TAGactive Arena at Lammas Leisure Centre on Bank Holiday Monday, January 3.
Featured operator news
Featured operator news: Double Olympic Champion Rebecca Adlington breaks ground ahead of new Rainham Leisure Centre
Everyone Active has got the New Year off to a flying start as it begins work on the brand new Rainham Leisure Centre.
Company profiles
Company profile: Hussle
Hussle exists for two reasons: To increase opportunities for people to engage in physical activity ...
Company profiles
Company profile: Perfect Gym Solutions S.A.
Perfect Gym currently provides fitness software solutions to customers in 55+ countries, servicing more than ...
Catalogue Gallery
Click on a catalogue to view it online
Directory
trade associations
International SPA Association - iSPA: trade associations
Lockers/interior design
Crown Sports Lockers: Lockers/interior design
Management software
Premier Software Solutions: Management software
Spa software
SpaBooker: Spa software
Wearable technology solutions
MyZone: Wearable technology solutions
Flooring
Total Vibration Solutions / TVS Sports Surfaces: Flooring
Skincare
Sothys: Skincare
Exercise equipment
Matrix Fitness: Exercise equipment
Whole body cryotherapy
Art of Cryo: Whole body cryotherapy
Salt therapy products
Himalayan Source: Salt therapy products
Property & Tenders
Bilborough, Nottingham
Bilborough College
Property & Tenders
Welwyn Garden City
Welwyn Hatfield Borough Council
Property & Tenders
Diary dates
01-03 Feb 2022
Coventry Building Society Arena, Coventry, United Kingdom
Diary dates
07-10 Apr 2022
Exhibition Centre , Cologne, Germany
Diary dates
15-16 Jun 2022
ExCeL London, London, United Kingdom
Diary dates
01-07 Dec 2022
tbc, Dunedin, New Zealand
Diary dates
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