BREAKING NEWS

BREAKING NEWS

Leonard Green to acquire UK's Pure Gym from CCMP statement

Now Reading:

Leonard Green to acquire UK's Pure Gym from CCMP statement

Text size Aa Aa

LONDON (Reuters) – U.S. private equity firm Leonard Green and Partners is set to acquire a controlling stake in British gym operator Pure Gym from CCMP Capital Advisors, the firms said in a statement on Friday They did not disclose the agreed price but Sky News earlier reported the business was valued at 600 million pounds. An initial public offering of the group, which has 950,000 members spread across 189 sites, was abandoned in October 2016. CCMP bought a majority stake in the business in May 2013 and will no longer retain an interest in the business on completion.

(Reporting by Carolyn Cohn and Dasha Afanasieva)
euronews provides breaking news articles from reuters as a service to its readers, but does not edit the articles it publishes. Articles appear on euronews.com for a limited time.