Sale of Fitness First Australia creates new fitness giant
Leisure Opportunities
Job search
Job Search
see all jobs
Latest job opportunities
Brentford Football Club Community Sports Trust
Competitive
Brentford, UK
star job
CVLIFE
£28,000 - £33,000 (depending on experience)
Coventry, UK
Watford Football Club Community Education Trust
£24,500 (pro-rata)
Vicarage Road Stadium, Watford
énergie Fitness
Negotiable
Bognor Regis, UK
Essex Boot Camp
Competitive
Loughton / Epping / Chigwell area

Sale of Fitness First Australia creates new fitness giant

Job opportunities
Dulwich College
£10.00 per hour
location: Dulwich College, The Sports Club, United Kingdom
CVLIFE
£28,000 - £33,000 (depending on experience)
location: Coventry, UK
Y Club
£30,000
location: Manchester, UK
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 43,330
24 Jun 2021
Technogym has launched a new app featuring an AI-powered digital coach. The Technogym App is designed for health clubs looking to tap into the increased ... More
23 Jun 2021
Forme has signed an exclusive partnership with boutique fitness operator Barry's, the latest sign of the blurring of boundaries between the at-gym and at-home fitness ... More
23 Jun 2021
The number of active memberships across European health clubs fell by roughly 10 million – or 15.4 per cent – during 2020, a year defined ... More
22 Jun 2021
Peloton is expanding its reach within the online fitness market with the launch of a new Corporate Wellness platform. The = service will be made ... More
22 Jun 2021
Dr Giles Yeo, a geneticist at Cambridge University in the UK, has written a new book in which he makes the case that the current ... More
20 Jun 2021
Laurence des Cars is to become the first female president of the Louvre, following her appointment by French president Emmanuel Macron. Art historian des Cars ... More
Spa Life UK
Spa Life UK
19 Jun 2021
Plans have been revealed to build the world's deepest pool in Cornwall, UK, which would house facilities serving the spaceflight, sports science and healthcare communities. ... More
18 Jun 2021
People with depression should be prescribed exercise and then monitored for the first 12 weeks of their regime – similar to the way physical therapy ... More
17 Jun 2021
Kew Gardens has established a "living laboratory" at its wild botanic garden at Wakehurst, UK. The move is part of a research project to explore ... More
17 Jun 2021
Frequent strenuous exercise increases the risk of developing motor neurone disease (MND) in people with certain genetic profiles. Over recent years, a number of high-profile ... More
16 Jun 2021
Discount rail and bus travel and £10m in vouchers to key attractions – funded by the National Lottery – are among the measures announced in ... More
16 Jun 2021
The UK government has extended the ban on commercial evictions until 25 March 2022. Announcing the move today (15 June), chief secretary to the Treasury, ... More
Miha Bodytec GmbH
Miha Bodytec GmbH
15 Jun 2021
Operating a further four weeks at reduced capacity will place serious pressure on English fitness facilities – if the government doesn't urgently provide additional financial ... More
15 Jun 2021
People experiencing homelessness are being offered free access to leisure centres by Oxford City Council. A scheme launched this month (June 2021) will see the ... More
15 Jun 2021
IHRSA has appointed Elizabeth Clark as its new president and CEO. Clark joins the industry body from the National Confectioners Association (NCA) – the trade ... More
1 - 15 of 43,330
Technogym
Technogym