Latest News

Back to Latest News back

 

Australian Competition and Consumer Commission to scrutinise Quadrant’s Fitness First acquisition

Australian Competition and Consumer Commission to scrutinise Quadrant’s Fitness First acquisition
October 21, 2016

The Australian Competition and Consumer Commission (ACCC) has intervened in private equity firm Quadrant’s potential plans to build a public floatation for its expanding gym-based business following the announcement of its planned acquisition of Fitness First.

The deal follow's Quandrant's entry into the Australian fitness market with it $260 million acquisition of Goodlife Health Clubs from Ardent Leisure in August and its subsequent purchase of 24/7 operator Jetts for $100 million.

Quadrant's rapid arrival in the industry, and near 20% market presence has, according to a report in The Australian, been seen as prelude to a float of the business.

The ACCC started its investigations yesterday (20th October) with a decision due on 15th December.

Quadrant's Fitness and Lifestyle Group now encompasses 65 Fitness First and 76 Goodlife clubs along with more than 200 Jetts gyms in Australia.

Quadrant's arrival in the Australian fitness market is featured in the September/October 2016 issue of Australasian Leisure Management. 

Images: Fitness First (below) and Quadrant Executive Chairman Chris Hadley with Goodlife's Greg Oliver (below).

14th October 2016 - FITNESS FIRST REVEALS RESULTS OF EXPERIMENT INTO THE IMPACT OF FITNESS

11th October 2016 - FITNESS FIRST ENCOURAGES AUSTRALIANS TO MOVE TO IMPROVE THEIR MOOD

29th September 2016 - QUADRANT EXPANDS WELLNESS EMPIRE WITH ACQUISITION OF FITNESS FIRST AUSTRALIA

19th August 2016 - ARDENT LEISURE SELLS GOODLIFE​ HEALTH CLUBS IN $260 MILLION DEAL

15th July 2016 - FITNESS FIRST CALLS ON AUSTRALIANS TO LOOK BEYOND THE PHYSICAL

9th February 2016 - GYMS RISK BREACHING UNFAIR TERMS BAN


Support our industry news service
We hope that you value the news that we publish so while you're here can we ask for your support?

As an independent publisher, we need reader support for our industry news gathering so ask that - if you don't already do so - you back us by subscribing to the printed Australasian Leisure Management magazine and/or our online news.

 

supplier directory

The Complete Guide to Leisure Industry Products & Services.

See the directory see all

Exerp

Exerp is a global IT specialist in member management software for the fitness and leisure industry. By focusing on the needs of large enterprises, where streamlining, control and scalability are…

read more

Fitness / Technology / Wellness

 
 

Hadley/Series Australia Pty Ltd

Hadley Australia and Series Australia Pty Ltd are the leading quality theatre chair manufacturers in the southern hemisphere. The businesses work closely with architects, interior designers and…

read more

Arts / Culture / Design / Entertainment / Venues

 
 

Elite Pool Covers

Since 1989 Elite Pool Covers have designed and manufactured an extensive range of high quality affordable manual,semi-automatic and fully-automatic pool cover systems for the harsh Australian…

read more

Aquatics / Environment / Technology / Venues

 
 

BioLab Australia Pty Ltd

BioGuard is Australia and New Zealand’s most trusted supplier of premium, innovative and affordable commercial water treatment systems and chemicals. BioGuard offers a comprehensive range of…

read more

Aquatics / Technology / Waterparks

 
 

COMMERCIAL AQUATICS AUSTRALIA

Commercial Aquatics Australia provides aquatic solutions nationwide and is one of the largest and most experienced companies specialising in the design, construction, renovation, service, maintenance…

read more

Aquatics / Design / Play / Waterparks

 
 

SENtag

Developed in Europe, this innovative system offers a safety management solution for swimming pools that checks individual swimmers via their wristband - monitoring their depth and time. Sensors…

read more

Aquatics / Hospitality / Safety / Technology / Waterparks

 
 

DAE Global

DAE Global is one of the world’s leading international creative and production practitioners, creating award-winning sport, culture and entertainment experiences for over 30 years.  It was…

read more

Culture / Entertainment / Events / Venues

 
 

Clubware

Clubware’s online gym software is not your run of the mill management system. It has been carefully designed to incorporate all the elements that a fitness club would need. How did we do that?…

read more

Access / Billing / Fitness / Recreation

 
 
 
 

get listed with our suppliers directory

Get your business noticed in our targeted directory. Viewed by 10,000 industry professionals per week!

list your business