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Announced

KKR to invest $397m in PureGym.

Financials

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Transaction Value£300m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Consumer Services: Other

gym operator

United Kingdom

Private

Private Equity

Minority

Acquisition

Friendly

Domestic

Single Bidder

Pending

Synopsis

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KKR, an investment company, agreed to invest $397m in PureGym, a gym operator. Leonard Green & Partners will retain a majority ownership position. “We are simply delighted to welcome today an investment firm of KKR’s stature – a firm I have known and respected for many years – as our new strategic partner. To have investors of the calibre of KKR and LGP supporting our business is a testament to the extraordinary efforts of every single colleague across our enterprise. It is also an endorsement of our overall strategy which is to become one of the leading players in the rapidly developing world market for gyms, fitness and activity," Humphrey Cobbold, PureGym CEO.

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