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Archie Norman to enter Esporta bidding?

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According to media reports, former Asda chair Archie Norman is among the bidders for health club chain Esporta.

The chain launched a formal auction process in mid-September, after receiving several approaches from rival companies. It is estimated to be worth around £460m.

The Times reports that Norman made a bid via his private equity vehicle Aurigo Management, which he launched earlier this year.

However, analysts back Whitbread – which already owns the David Lloyd chain – to acquire Esporta.

The deadline for initial offers was last week, and a reported six parties will now be invited to take part in the second round of bidding.

Esporta owns and operates 54 clubs in the UK. Details: www.esporta.com

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According to media reports, the former Asda chair Archie Norman is among the bidders for health club chain Esporta.
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