Final round of bids due for Pure Gym

A final round of bids for Pure Gym is due tomorrow (2 November), according to Reuters.

According to sources, bankers are working on debt financing of up to £400m (US$531m, €456.5m) to back the sale of one of Britain’s largest health and fitness chains.

Sources also said Pure Gym has attracted interested parties including Goldman Sachs Private Equity, Leonard Green, Pamplona and Providence.

US private equity firm CCMP Capital Advisors has been a controlling shareholder of the chain since 2013.

The potential sale of Pure Gym, which has 180 clubs nationwide, comes a year after the company abandoned an initial public offering (IPO).

The final round of bids follows a first round which closed in September.

Pure Gym declined to comment.