The new company will be a combination of the current Pure Gym, owned by CCMP Capital Advisors, LLC and The Gym Group owned by Phoenix Equity Partners and Bridges Ventures. Financial terms have not been disclosed.
Are the gym and PureGym the same?
Pure Gym is owned by CCMP Capital Advisors, LLC. The Gym Group is jointly controlled by Phoenix Equity Partners and Bridges Ventures. … Since the merger was first announced in February 2014, Pure Gym and The Gym Group have operated separately.
Who is The Gym Group owned by?
John Treharne founded The Gym Group in 2007, with funding from Bridges Ventures, which has committed £17.5m to date.
How many gyms does PureGym own?
Our Brands. PureGym is the UK’s largest private gym operator, both by number of gyms and members. As of 31 December 2020 the company operated 286 gyms.
Why is PureGym so successful?
The three big reasons for PureGym’s success according to Peter are price (£15-£20 a month), lack of contract (so you can cancel at any time and won’t lose out) and the fact most branches are open 24/7 – a trio of factors that has allowed PureGym to stand out as an agile consumer champion in a lumbering contract-led …
Is PureGym on stock market?
Pure Gym, Britain’s biggest health and fitness club chain, is close to abandoning a £1.5bn stock market listing amid growing signs of jitters among investors. … Pure Gym has not formally announced an IPO but said in August that it was considering one among options to raise capital.
Where is PureGym based?
The chain is based in headquartered in Leeds, West Yorkshire, with additional offices in London and Southampton. It is Britain’s largest gym chain by membership, with over 1,000,000 members registered to their gyms.
How many gyms do the gym group have?
The company was founded in 2007 and its first site was in West London. It now has around 160 gyms with 668,000 members.
Who founded the gym?
The first commercial gym is typically credited to French gymnast and vaudeville-strongman, Hippolyte Triat. He opened his first club in Brussels and then added a second in Paris in the late 1840s. At the end of the 19th century, another gym was established by an entrepreneurial music hall strongman, Eugen Sandow.
What sector is the gym in?
Employment in the fitness industry
There are roughly 191 thousand people in the United Kingdom with an occupation in the sports and fitness sector, of which around 69 thousand are fitness instructors.
How much is PureGym worth?
How much is PureGym worth? PureGym could be worth £1.5 billion after its IPO, according to reports, which could land the company in the FTSE 250. However, its last true valuation was in 2017, when PureGym was bought by Leonard Green & Partners for £600 million.
What is the biggest gym in the world?
US-based Gold’s Gym has opened a 14,000sq m (150,690sq ft) six-floor club in the Middle East – its largest in the world.
How much money does PureGym make?
The budget gym chain PureGym has swung into profit as its membership numbers rose above 1m for the first time. Britain’s biggest gym chain posted sales of £228.4m and pre-tax profits of £14.4m last year, compared with a £14.5m loss in 2017.
Who is the CEO of PureGym?
It is also aiming to accelerate expansion in 2022 – and take the brand global. The company currently runs 506 clubs in Europe, under the PureGym brand in the UK and Switzerland and the Fitness World brand in Denmark.
Can I bring my child to PureGym?
PureGym on Twitter: “@paulhuggies You would have to be a minimum age of 16 to join Pure Gym Paul #PureHelp” / Twitter.