Fun Wheels Pty Ltd are the premium dealer in Australasia for the Dutch company BERG’s commercial and domestic products. Our flagship product is their revolutionary pedal go-kart – the…read more
Buyer sought for Next Gen Health & Lifestyle Clubs
In the wake of Quadrant Private Equity’s creation of the Fitness and Lifestyle Group and its acquisition of several leading fitness club brands, the UK-based owners of Next Gen Health & Lifestyle Clubs have reportedly put the group up for sale.
According to a report in today’s Australian Financial Review corporate advisers Greenstone Partners has distributed an information flyer on the business looking to attract interested parties willing to pay in excess of $100 million for the five facility group.
Next Gen Health & Lifestyle Clubs, owned by UK private equity firm Kingsgate, consists of premium fitness, aquatic, wellness and racquet clubs in Sydney, Canberra, Adelaide, Perth and Auckland.
Last year Quadrant created the Fitness and Lifestyle Group to manage its acquisitions of Goodlife Health Clubs from Ardent Leisure, 24/7 chain last year rolled up low-cost gym operator Jetts Fitness and Fitness First Australia from hedge fund giant Oaktree Capital Management.
At the time, Quadrant Executive Chairman Chris Hadley said he had been looking at the fitness sector for more than a decade, advising “the nature of the industry and the growth going forward ... will be appealing to institutional investors.”
Fitness and Lifestyle Group is believed to be looking at further acquisitions in the sector.
Image: Next Gen's Canberra club.
23rd February 2017 - ASIAN FITNESS CLUB MERGER SEES CREATION OF EVOLUTION WELLNESS
2nd December 2016 - ACCC WILL NOT OPPOSE QUADRANT’S FITNESS FIRST ACQUISITION
25th October 2016 - FITNESS FIRST CLUBS TO BEGIN 24/7 OPERATIONS
29th September 2016 - QUADRANT EXPANDS WELLNESS EMPIRE WITH ACQUISITION OF FITNESS FIRST AUSTRALIA
18th September 2016 - QUADRANT PRIVATE EQUITY ADDS JETTS TO FITNESS SECTOR ACQUISITIONS IN $100 MILLION DEAL
19th August 2016 - ARDENT LEISURE SELLS GOODLIFE HEALTH CLUBS IN $260 MILLION DEAL
6th September 2011 - $26 MILLION LIFESTYLE CLUB OPENS AT AUCKLAND’S ASB TENNIS CENTRE
Asking a small favour
We hope that you value the news that we publish so while you're here can we ask for your support?
The news we publish at www.ausleisure.com.au is independent, credible (we hope) and free for you to access, with no pay walls and no annoying pop-up ads.
However, as an independent publisher, can we ask for you to support us by subscribing to the printed Australasian Leisure Management magazine - if you don't already do so.
Published bi-monthly since 1997, the printed Australasian Leisure Management differs from this website in that it publishes longer, in-depth and analytical features covering aquatics, attractions, entertainment, events, fitness, parks, recreation, sport, tourism and venues management.
Subscriptions cost just $90 a year.
Click here to subscribe.
The Complete Guide to Leisure Industry Products & Services.
Ausfit began in 1992, providing software services to the health and fitness sector including ClubWise, a fully hosted web-based product which combines state of the art club management software,…read more
TJS Services is a leading national facility services provider. We deliver quality cleaning, maintenance, construction and facility management services to over 1,500 sites Australia wide. Our…read more
Gladstone Health & Leisure (Gladstone MRM Pty Ltd Australia) is a leading supplier of leisure management and fitness software and is endorsed by leading health and fitness professionals and…read more
A leading designer and manufacturer of innovative waterslides and attractions, Australian Waterslides and Leisure (AWL) is also able to advise clients in the areas of concept and design, feasibility…read more
Aflex Inflatables are the leaders for obstacle courses, pool toys, waterparks and land-based watersides and fitness runs. They are industry leaders offering the widest range of pool, lake and beach…read more
Solar Pool Heating & Swimming Pool Covers since 1974. Sunbather offer an Australian made product which undergoes continual development to enable you to trust in the Sunbather brand. We deliver a…read more
Supreme Heating is a proud Australian owned company specialising in the latest energy efficient heating solutions. Since 1990, Supreme Heating has designed and installed commercial pool heating…read more
get listed with our suppliers directory
Get your business noticed in our targeted directory. Viewed by 10,000 industry professionals per week!