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NEWS
Final round of bids due for Pure Gym
POSTED 01 Nov 2017 . BY Deven Pamben
Pure Gym has 180 clubs nationwide
A final round of bids for Pure Gym is due tomorrow (2 November), according to Reuters.

According to sources, bankers are working on debt financing of up to £400m (US$531m, €456.5m) to back the sale of one of Britain’s largest health and fitness chains.

Sources also said Pure Gym has attracted interested parties including Goldman Sachs Private Equity, Leonard Green, Pamplona and Providence.

US private equity firm CCMP Capital Advisors has been a controlling shareholder of the chain since 2013.

The potential sale of Pure Gym, which has 180 clubs nationwide, comes a year after the company abandoned an initial public offering (IPO).

The final round of bids follows a first round which closed in September.

Pure Gym declined to comment.
RELATED STORIES
  Bidders line up with offers for Pure Gym


Bidders have reportedly tabled offers for the UK’s biggest health and fitness group Pure Gym after the deadline closed on Thursday (21 September).
  Surging membership numbers boost Pure Gym figures


Increased membership numbers helped Pure Gym record strong financial results in 2016, with further rises expected as the operator plans to open up to 25 new sites this year.
  Abandoned IPO cost Pure Gym £6.8m


Pure Gym's planned initial public offering (IPO) that was abandoned last year cost the group £6.8million (US$8.48m, €7.9m), according to sources.
  Pure Gym confirms it has abandoned today's IPO


Humphrey Cobbold, CEO of Pure Gym, has confirmed this morning to Health Club Management that the company has "withdrawn" plans for today's IPO, saying: "Given the challenging IPO market conditions, the board has decided not to proceed with a listing, despite the strong interest shown by potential investors."
MORE NEWS
UK's Royal attractions had a bumper year in 2023
Numbers from the Association of Leading Visitor Attractions, (ALVA) show that Royal attractions saw a huge increase in visitor numbers during 2023 – the coronation year of King Charles III.
Efteling to convert steam trains to electric as part of green drive
The Everyday Heritage initiative celebrates and preserves working class histories
Off the back of the success of the first round of Everyday Heritage Grants in 2022, Historic England is funding 56 creative projects that honour the heritage of working-class England.
Universal announces long-awaited details of its Epic Universe, set to open in 2025
Universal has revealed it will be adding new Harry Potter attractions, alongside Super Nintendo and How to Train Your Dragon worlds to its Florida resort.
+ More news   
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Salary: £61,000 - £64,000 + exceptional pension + excellent benefits
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Holovis is a privately owned company established in 2004 by CEO Stuart Hetherington. [more...]
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FEATURED SUPPLIER

CSI Design Expo Americas 2024 announces new Attractions & Entertainment Technology Zone
Cruise Ship Interiors (CSI) invites cruise lines, shipyards, design studios, outfitters, and suppliers to take part in CSI Design Expo Americas in Miami, Florida, the region’s only event dedicated to cruise ship interior design. [more...]
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Jobs    News   Products   Magazine   Subscribe
NEWS
Final round of bids due for Pure Gym
POSTED 01 Nov 2017 . BY Deven Pamben
Pure Gym has 180 clubs nationwide
A final round of bids for Pure Gym is due tomorrow (2 November), according to Reuters.

According to sources, bankers are working on debt financing of up to £400m (US$531m, €456.5m) to back the sale of one of Britain’s largest health and fitness chains.

Sources also said Pure Gym has attracted interested parties including Goldman Sachs Private Equity, Leonard Green, Pamplona and Providence.

US private equity firm CCMP Capital Advisors has been a controlling shareholder of the chain since 2013.

The potential sale of Pure Gym, which has 180 clubs nationwide, comes a year after the company abandoned an initial public offering (IPO).

The final round of bids follows a first round which closed in September.

Pure Gym declined to comment.
RELATED STORIES
Bidders line up with offers for Pure Gym


Bidders have reportedly tabled offers for the UK’s biggest health and fitness group Pure Gym after the deadline closed on Thursday (21 September).
Surging membership numbers boost Pure Gym figures


Increased membership numbers helped Pure Gym record strong financial results in 2016, with further rises expected as the operator plans to open up to 25 new sites this year.
Abandoned IPO cost Pure Gym £6.8m


Pure Gym's planned initial public offering (IPO) that was abandoned last year cost the group £6.8million (US$8.48m, €7.9m), according to sources.
Pure Gym confirms it has abandoned today's IPO


Humphrey Cobbold, CEO of Pure Gym, has confirmed this morning to Health Club Management that the company has "withdrawn" plans for today's IPO, saying: "Given the challenging IPO market conditions, the board has decided not to proceed with a listing, despite the strong interest shown by potential investors."
MORE NEWS
UK's Royal attractions had a bumper year in 2023
Numbers from the Association of Leading Visitor Attractions, (ALVA) show that Royal attractions saw a huge increase in visitor numbers during 2023 – the coronation year of King Charles III.
Efteling to convert steam trains to electric as part of green drive
The Everyday Heritage initiative celebrates and preserves working class histories
Off the back of the success of the first round of Everyday Heritage Grants in 2022, Historic England is funding 56 creative projects that honour the heritage of working-class England.
Universal announces long-awaited details of its Epic Universe, set to open in 2025
Universal has revealed it will be adding new Harry Potter attractions, alongside Super Nintendo and How to Train Your Dragon worlds to its Florida resort.
Heartbreak for Swedish theme park, Liseberg, as fire breaks out
A fire has destroyed part of the new water world, Oceana, at Liseberg in Sweden, and a construction worker has been reported missing.
Museum director apologises after comparing the city of Florence to a sex worker
Museum director Cecilie Hollberg has come under fire for comparing the city to a sex worker due to uncontrolled mass tourism.
+ More news   
 
COMPANY PROFILES
IDEATTACK

IDEATTACK is a full-service planning and design company with headquarters in Los Angeles. [more...]
instantprint

We’re a Yorkshire-based online printer, founded in 2009 by Adam Carnell and James Kinsella. [more...]
RMA Ltd

RMA Ltd is a one-stop global company that can design, build and produce from a greenfield site upw [more...]
Holovis

Holovis is a privately owned company established in 2004 by CEO Stuart Hetherington. [more...]
+ More profiles  
FEATURED SUPPLIER

CSI Design Expo Americas 2024 announces new Attractions & Entertainment Technology Zone
Cruise Ship Interiors (CSI) invites cruise lines, shipyards, design studios, outfitters, and suppliers to take part in CSI Design Expo Americas in Miami, Florida, the region’s only event dedicated to cruise ship interior design. [more...]
CATALOGUE GALLERY
+ More catalogues  
DIRECTORY
+ More directory  
DIARY

 

08-08 May 2024

Hospitality Design Conference

Hotel Melià , Milano , Italy
10-12 May 2024

Asia Pool & Spa Expo

China Import & Export Fair Complex, Guangzhou, China
+ More diary  
 


ADVERTISE . CONTACT US

Leisure Media
Tel: +44 (0)1462 431385

©Cybertrek 2024

ABOUT LEISURE MEDIA
LEISURE MEDIA MAGAZINES
LEISURE MEDIA HANDBOOKS
LEISURE MEDIA WEBSITES
LEISURE MEDIA PRODUCT SEARCH
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