KKR to invest $397m in PureGym.

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.