Announced
Completed
Financials
Tags
Philippines
fitness clubs
fitness and wellness
Recreational Services
Single Bidder
fitness centers
Acquisition
Majority
Private
Completed
Friendly
Private Equity
Synopsis
Asset management firms Exacta Capital and Aura Group, along with Inspire Brands, a recreational facilities holding company, agreed to acquire the Asian unit of Anytime Fitness, a provider of fitness services. Financial terms were not disclosed. "Completing the deal in this black swan backdrop involved assessing the brand's capacity to withstand enforced closures, and a long-term outlook on the industry. Anytime Fitness Asia is proven and capitalizes on its smaller footprint in accessible community locations and lower cost of entry and maintenance, which ensures that gyms will reopen safely and grow post-Covid-19," Charles Wong, Aura Group Executive Director.
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