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KKR looks to bid in $800 million-plus auction of Britain's Pure Gym - Sky News

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KKR looks to bid in $800 million-plus auction of Britain's Pure Gym - Sky News

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(Reuters) – U.S. private equity investment firm KKR & Co LP <KKR.N> is going to bid in a 600 million-pound-plus ($800 million) auction of Britain’s largest chain of health and fitness clubs, Pure Gym <IPO-PGYM.L>, according to Sky News. The fund operator KKR is among a group of financial investors that are set to make offers for the fitness chain ahead of a deadline on Thursday, Sky News said. Pure Gym’s sale comes over a year after it announced, and later cancelled a 190 million-pound initial public offer of shares due to “challenging IPO market conditions”. The chain’s major shareholder CCMP Capital Advisors has controlled the chain since 2013 and overseen a period of growth and expansion.

(Reporting by Sanjeeban Sarkar in Bengaluru; Editing by Greg Mahlich)
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