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Fitness First eyes German sale


Burnham to headline ukactive Summit 2014


Labour’s Burnham is the MP for Leigh CEO Andrew Cosslett is leading Fitness First through an extensive transformation


Fitness First is in talks to sell its 80 health clubs in Germany as the business bids to hasten its transformation and Asian expansion. Corporate finance firm Lincoln International is advising the Oaktree Capital-owned gym chain on disposal of its German arm – speculated to be worth around £200m (US$323m E253m). Several parties have expressed interest in the portfolio, which


has 300,000 members and EBITDA of around €30m (US$38.3m £23.7m) per annum. A deal is expected to be concluded by January 2015. The Germany clubs represent the company’s last European portfolio outside of the UK


– following the offload of its 91 clubs across France, Spain, Italy, Belgium, Luxembourg and the Netherlands to Dutch operator HealthCity in 2010/11 – and their sale marks the final act in Fitness First’s shift towards being a UK, Australia and Asia-focused business. Capital from the planned deal will allow the chain to speed up its £270m global makeover, which has already brought encouraging revenue results to a number of its city health clubs. The funds will also serve to expedite Fitness First’s major expansion in Asia, where it aims to open up to 50 new clubs in five years. Details: http://lei.sr?a=F2j9m


Nuffield secures £330m expansion fund


Nuffield Health has signed £330m of debt facilities as the charity bids to widen its footprint in the UK health club market in a push towards integrated care pathways. The business secured the funds – from a combination of banks and institutional lenders – to further its strategic development plans for an integrated approach to fitness, prevention and cure, across hospitals, consumer and corporate fitness, and wellbeing markets. The expansion seems to be gathering pace with Nuffield taking over nine former Virgin Active health clubs in August – five of which are sited within five miles of Nuffield hospitals. It has also announced a strategic partnership


November/December 2014 © Cybertrek 2014 BMF has more than 140 outdoor venues


PayasUgym has teamed up with British Military Fitness (BMF) as part of a new push into the outdoor training market. BMF joins firms like One Element and


Nuffield CFO Greg Hyatt oversaw the investment deal


with Manchester Metropolitan University, which will see construction of a major facility in central Manchester, incorporating a hospital, plus wellbeing and rehabilitation services. Details: http://lei.sr?a=B6p3a


Swift, which have been recent outdoor training additions to the payasUgym marketplace – a network of gyms and health clubs totalling more than 2,000 UK establishments. With more than 140 outdoor venues, BMF is one of the UK’s biggest fitness class providers and the deal marks a significant landmark in payasUgym’s expansion into the outdoor sector. Details: http://lei.sr?a=n5v8H


Read Health Club Management online at healthclubmanagement.co.uk/digital 19


Shadow health secretary and respected activity advocate Andy Burnham will return as a headline speaker for the ukactive National Summit 2014, one of several high- profile thought leaders due to feature. Having starred at last year’s summit, Burnham is back for the London event on 13 November. He will offer delegates an insight into Labour’s health plans and election manifesto, with an emphasis on how his party intends to shape its policies to incorporate physical activity. Details: http://lei.sr?a=A9J9u


PayasUgym and British Military Fitness team up


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