P*werSport announces management buyout

P*werSport International, one of the UK's leading fitness equipment manufacturers, has undergone a successful management buyout, led by managing director, Paul Slevin and sales and marketing director, Andrew Stevenson.

HSBC and Gambit Corporate Finance provided the financial support to enable the buyout.

Paul Slevin said: "This is a great opportunity for the management team and we have an exciting time ahead in continuing to restor P*werSport to its former glory. We have certainly been very active in the last few years and will continue to work hard to streamline the business and increase turnover."