Elevate
Elevate
Elevate
Leisure Opportunities
Job search
Job Search
see all jobs
Latest job opportunities
Everyone Active
Competitive rates of pay
South Oxhey Leisure Centre, Watford
Active Luton
£61,000 - £64,000 + exceptional pension + excellent benefits
Luton
University of Warwick
£29,605 - £32,982pa + pension + benefits
Coventry, West Midlands
Exeter City Council
£40,221 - £42,403pa + pension + benefits
Exeter
The Pickaquoy Centre
£30,000pa + local Govt pension + attractive benefits package
Orkney, Scotland

Sale of Fitness First Australia creates new fitness giant

Job opportunities
Exeter City Council
£40,221 - £42,403pa + pension + benefits
location: Exeter, United Kingdom
Mount Batten Group
c£65,000pa + pension + benefits
location: mount batten centre, plymouth, United Kingdom
Harrow School
£13.71 per hour
location: Harrow, London, United Kingdom
more jobs

Quadrant Private Equity has agreed to acquire Fitness First Australia from hedge fund giant Oaktree Capital Management, in a deal signed yesterday (29 September).

The deal creates the largest fitness group in Australia, with 650,000 members and total revenues exceeding A$400m (£235m, US$304.4m, €272.2m).

Quadrant acquired low-cost gym operator Jetts Fitness last month, for a reported A$100m (£58.7m, US$76.1m, €68.1m), having purchased Goodlife Health Clubs from theme park operator Ardent Leisure in August for AU$260m (£152.7m, US$197.9m, €176.9m).

It has also acquired a fourth brand, Hypoxi – a non-invasive body shaping method.

Quadrant created holding company Fitness Lifestyle Group early this year in order to purchase Goodlife and to make other acquisitions in the sector. The portfolio now encompasses 224 company-owned gyms and 188 franchises, with the combined group headed up by Goodlife CEO Greg Oliver.

Oaktree will now become a shareholder in the group, alongside Quadrant and Jetts.

"By combining Fitness First Australia with our existing network of fitness and lifestyle brands across the country, we’ve built a very strong national portfolio of clubs," said Oliver. "In particular, the merger with Fitness First Australia helps us build our presence in New South Wales, where our group has historically been under-represented."

The Australian deal comes as final negotiations are entered for the sale of the UK portfolio, with the conclusion of the deal with DW Sports expected imminently.

Sign up for FREE ezines & magazines
Quadrant Private Equity has agreed to acquire Fitness First Australia from hedge fund giant Oaktree Capital Management, in a deal signed yesterday (29 September).
HAF
THUMB13938_775492.jpg

More News

1 - 15 of 67,887
24 Apr 2024
The US spa industry is continuing its upward trajectory, achieving an unprecedented milestone with a record-breaking revenue of US$21.3 billion in 2023, surpassing the previous ... More
24 Apr 2024
Short-term incentives to exercise, such as using daily reminders, rewards or games, can lead to sustained increases in activity, according to new research. Researchers found ... More
24 Apr 2024
Spa and wellness veteran Shannon Malave has been named spa director at iconic US spa destination Mohonk Mountain House. Based in New York’s verdant Hudson ... More
23 Apr 2024
Six Senses Kyoto opens its doors today, marking the eco-luxury hotel and spa operator’s entry into Japan and a new addition to its urban collection. ... More
23 Apr 2024
With the launch of its 49th John Reed, RSG Group is looking for more opportunities for its high-end brand in the US and Europe. Cosmopolitan ... More
23 Apr 2024
PureGym saw revenues rise by 15 per cent in 2023, with the company announcing plans to develop 200 new clubs in the next three to ... More
23 Apr 2024
The UAE’s first-ever Dior Spa has officially launched at The Lana, Dubai – the Dorchester Collection’s debut property in the Middle East. Bathed in natural ... More
22 Apr 2024
The Sacred River Spa at Four Seasons Resort Bali at Sayan will reopen later this year with an all-new design plus enhanced treatments and experiences ... More
22 Apr 2024
Following three disrupted lockdown years, the European fitness market bounced back in 2023, according to Deloitte and EuropeActive’s hot off the press European Health & ... More
21 Apr 2024
Charitable trust, Mytime Active, has removed all single-use plastic overshoes from its swimming pools and leisure centres, as part of ongoing sustainability efforts. Across the ... More
21 Apr 2024
Community Leisure UK is helping the drive to Net Zero with the launch of a bespoke carbon literacy course. Offered in partnership with the Workers' ... More
20 Apr 2024
Operator Circadian Trust has launched a five-year growth drive designed to support health and wellbeing across South Gloucestershire, UK. The initiative will see a £2.4m ... More
19 Apr 2024
Norwegian health club operator, Treningshelse Holding, which owns the Aktiv365 and Family Sports Club fitness chains, has acquired fellow Norwegian operator, Aktiv Trening. The purchase ... More
19 Apr 2024
The HCM team were busy at the recent FIBO Global Fitness event in Cologne, Germany, distributing a special FIBO edition of HCM in support of ... More
18 Apr 2024
Atlanta-based boutique fitness software company, Xplor Mariana Tek, has kicked off a push for international expansion. Shannon Tracey, VP of sales and marketing, says the ... More
1 - 15 of 67,887
Elevate
Elevate