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6 - 19 August 2019 Issue 768
Bridges acquires énergie Fitness Bridges Fund Management has completed a deal to buy franchise gym operator, énergie Fitness. The private equity firm has acquired a majority stake for an initial consideration, with an earn-out based on énergie continuing to hit its targets for the 2019 and 2020 financial years. The numbers have not been released at this point. The current énergie management team, led by CEO Neil King, will stay in place following the deal, while founder Jan Spaticchia will reinvest and remain with the business as a shareholder and non-executive director.
■■énergie has prepared for the sale for
In an exclusive interview, founder
two years, a process which included the
and CEO, Jan Spaticchia, told Leisure
launch of boutique concept Thé Yard
Opportunities: “This is a very proud day for énergie, its franchisees, staff,
énergie’s mission since we formed the
team and shareholders. Bridges
company more than a decade ago. Bridges has significant expertise in the
has plans that will enable énergie to accelerate its growth plans as it
fitness sector. It was part of the drive to
leverages its position as the market-
introduce the low-cost gym concept to the
leading, low-cost fitness franchisor.
UK in 2007, by backing John Treharne in launching The Gym Group, which is now
“Most importantly, Bridges is committed to the culture of inclusion
a-listed business worth around £360m.
that has been at the centre of
More: http://lei.sr/x7Q8N_O
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Bridges has plans that will enable us to accelerate our growth
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