PureGym, which operates more than 500 venues across the UK and Europe, has secured a £300m investment from private equity firm KKR to support expansion.
KKR will become a significant minority investor in the business alongside management and Leonard Green & Partners (LGP), who retain a majority ownership position.
The company said it believed the conditions are now right for significant further development of the business. Following the investment from KKR, group will have access to about £500m of capital, which will enable continued growth through the opening of more sites both in its current markets, as well as sustaining continued international expansion over the coming years.
Read more/Source: Insider Media
