Pure Gym wins race to acquire LA Fitness | Leisure Opportunities
Leaderboard
Leisure Opportunities

Leisure Opportunities

Job Search
see all jobs
Job opportunities
Gateshead Council
£15,375 - £16,491 (Pro Rata)
Gateshead, United Kingdom
Sandown Sports Club
£18,785 per annum
Madame Tussauds
Competitive
San Francisco, CA, United States
University of Essex Commercial Services
£15,554 per annum (pro-rata for part-time)
Colchester, United Kingdom
Wildern School
£16,209 to Step 5 - £17,955 plus 14% shift allowance
Southampton, United Kingdom

Pure Gym wins race to acquire LA Fitness

Job opportunities
Stevenage Leisure Limited
Competitive
location: Oakham, United Kingdom
Sandown Sports Club
£18,785 per annum
location:
Inspiring healthy lifestyles
£25,390 - £30,119 per annum
location: Selby, United Kingdom
more jobs

Pure Gym has emerged as the victor of the long-running race to acquire LA fitness.

The gym chain helmed by Humphrey Cobbold has been in the running to buy the business, alongside Fitness First, Sports Direct Fitness and Terra Firma Capital.

Pure Gym confirmed this morning that it has completed the acquisition of LA Fitness and its 43 fitness clubs, for a sum thought to be in the region of £60-80m. The acquisition was backed by Pure Gym owner CCMP Capital Partners and a number of banks.

Having been foiled by the Competition and Markets Authority (CMA) during last year’s failed merger with The Gym Group, Pure Gym stressed that the businesses will be operated independently until the CMA gives Pure Gym permission to proceed with the takeover.

LA fitness boasts an enviable property footprint in London with 22 sites, including two ‘premiumised’ LAX clubs, so the acquisition is a natural step for Pure Gym, which has long had desires of a stronger presence in the capital.

Pure Gym CEO Humphrey Cobbold told Health Club Management that the company’s plans to convert most of the LA fitness portfolio into Pure Gym sites – despite the disparity in proposition – wouldn’t be an insurmountable challenge. He pointed to the former LA fitness sites in Cambridge and Poole which have been converted into Pure Gym sites as evidence of this.

“We’ve done conversions like that before where we’ve repurposed clubs, knocked down walls and converted fitness spaces as is necessary, so I don’t think it will be a problem,” he said.

“Membership fees will be in line with Pure Gym value – which we would class as outstanding – but our price structure is localised across the business (ranging from £12 up to £26.99), so clearly the economics in London are different to those in other areas of the country.”

Cobbold praised the efforts of LA fitness CEO Martin Long and his team, commending them on doing a “great job in difficult circumstances.” He said that they would fully support the transition, with a view to then stepping out of the business, but added that there are still discussions to be had.

Cobbold also said that no decision had been taken on staffing at the LA fitness sites, but noted as the new business moves forward and continues its expansion plans there would be numerous openings and opportunities.

Reflecting on the sale, LA Fitness CEO Martin Long said the business is trading well and has been able to build momentum in the wake of its CVA (company Voluntary Arrangement).

“This is the result of exceptionally hard work by all of our teams, during a period of uncertainty and we are pleased to have secured a new-long term owner in Pure Gym,” he said.

“This transaction, will give users of LA Fitness access to high-quality fitness centres through a network of existing and new gyms. I am confident that our facilities and members will benefit from Pure Gym’s investment and attractive proposition.”

Sign up for FREE ezines & magazines
Pure Gym has emerged as the victor of the long-running race to acquire LA fitness.
HAF,FIT,IND,PHR
665811_413528.jpg
More

News

Fitness franchise énergie Group has opened thé Yard - a new signature training concept that will be rolled out at its énergie and Fit4less clubs ... Read more
Swiss artist Felice Varini and the Chilean architecture practice Pezo von Ellrichshausen have been commissioned to design an ambitious temporary outdoor structure in the historic ... Read more
Tech startup Neurable has taken virtual reality to the next level, creating computer interfaces for the brain to allow users to control the technology using ... Read more
The historic Grayshott Spa in Surrey has been acquired by Austria-based health and medical resort specialists the Lanserhof Group. The family-run Lanserhof, which owns spas ... Read more
A curatorial development fund worth £500,000 (US$645,000, €550,000) has been created to help already established curators of museums and galleries in the UK learn new ... Read more
The All England Club is pushing forward with its plans to cover the No. 1 Court at Wimbledon. The new, retractable roof will form part ... Read more
Active IQ
Active IQ
One of the biggest misconceptions made in the physical activity sector is that retired people cannot train hard. Writing in the latest issue of Health ... Read more
One of the UK's biggest destination spas, the Lifehouse Spa and Hotel in the village of Thorpe le Soken, Essex, has had expansion plans scuppered ... Read more
Table Tennis England’s public funding has been reinstated after the national governing body finally agreed to a package of reforms compliant with the government’s Code ... Read more
An increasing number of local authority-owned leisure centres are being upgraded with spa facilities, as operators embrace the emerging trend to provide members with wellness. ... Read more
Brentford Football Club has revised plans for its new stadium, with the capacity set to decrease from 20,000 seats to 17,250. The Championship team has ... Read more
The official reopening of the redeveloped Westway Sport & Fitness Centre in North Kensington has been used to help those affected by the Grenfell Tower ... Read more
Focus Training
Focus Training
Around 250,000 holidaymakers from China spent more than £1bn in the UK last year, marking the increased importance of the country to the UK’s tourism ... Read more
A new spa and hotel could be developed in the village of Chipping, in the Forest of Bowland. Kirk Mill, with its 11-acres (4.5-hectare) of ... Read more
The team behind family-run gym operator truGym has launched a 1,600sq ft (149sq m) HIIT (high-intensity interval training) boutique studio in Bromley, Kent, with plans ... Read more
1 - 15 of 36,644