Latest News

Back to Latest News back

 

Owner looks for $1 billion plus sale of Fitness and Lifestyle Group

Owner looks for $1 billion plus sale of Fitness and Lifestyle Group
June 27, 2019

Quadrant Private Equity, the owner of the Fitness and Lifestyle Group, is reportedly offering the fitness giant for sale through investment banks UBS and Citi.

The buyout fund, which pulled together the Goodlife, Fitness First Australia and Jetts brands to create the Fitness and Lifestyle Group (FLG) in 2016, and has since acquired other operators including Zap Fitness, Go Health Clubs and the Vietnam-based CMG Asia.  

Media reports indicate that FLG, which has EBITDA of about $200 million a year, and is now ranked as one of the 10 global gyms businesses, could be sold for an amount in excess of $1 billion, with the Australian Financial Review suggesting a sale price of as much as $1.5 billion.

While FLG is best known for its domestic fitness brands, its recent expansion in south east Asia sees it now operating the top fitness brand in Vietnam's developing market, and the second placed gym group in Thailand.

According to The Australian, Quadrant is also looking to sell its tourism company Experience Australia, the Rockpool Dining Group and Qscan Radiology Clinics businesses.

Experience Australia was formed when Quadrant purchased Great Southern Rail, which owns and operates the transcontinental Ghan and Indian Pacific rail businesses, and later the Cruise Whitsundays and Rottnest Express marine tourism businesses, creating the foundation for a new experimental tourism company, Journey Beyond.

Image: Fitness and Lifestyle Group partnered with filmstar Chris Hemsworth to launch the Centr fitness app earlier this year.

Related Articles

17th June 2019 - Goodlife ambassador Emily Skye introduces new Ignite exercise program

21st March 2019 - Hollywood actor Chris Hemsworth takes up Fitness and Lifestyle Group stake

9th March 2019 - Debitsuccess delivers 12% increase in revenue to Goodlife’s rebranded former Go Health clubs

29th January 2019 - Report suggests Fitness and Lifestyle Group buys CMG Asia for $200 million

28th September 2018 - Fitness First announces foundation partnerships with NRL Women’s Premiership and Touch Football Australia

5th January 2018 - Fitness and Lifestyle Group acquires Tasmanian-based Zap Fitness

15th November 2017 - Quadrant to back Timezone Group’s accelerated growth plan

27th October 2017 - Fitness and Lifestyle Group acquires Go Health Clubs

3rd September 2017 - Adventure travel experts launch epic Tasmanian journey

7th April 2017 - Fitness and Lifestyle Group changes sees new General Manager appointment at Fitness First Australia

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


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.

 

supplier directory

The Complete Guide to Leisure Industry Products & Services.

See the directory see all

Fitness On Demand

Fitness On Demand™ is a market-leading developer of virtual group fitness products. Our innovative video delivery systems offer robust content and a simple-to-use, comprehensive web app. Fitness…

read more

Fitness / Technology / Wellness

 
 

GEOFF NINNES FONG AND PARTNERS

Geoff Ninnes Fong & Partners (GNFP) is a structural, aquatic and civil engineering consultancy with broad experience in the design of new municipal and institutional swimming pools, hydrotherapy…

read more

Aquatics / Consultants / Design / Venues

 
 

VLOCKER

Vlocker Pty Ltd has been designing, manufacturing, installing and servicing locker systems worldwide since 1995. Vlocker specialises in providing locker solutions to suit client requirements in…

read more

Aquatics / Attractions / Safety / Security / Venues

 
 

PRIAVA

About Priava's Technology -  Priava is a cloud-based and centralised venue and event management system aimed at venues of all sizes. With its familiar and easy-to-use web interface, the…

read more

Attractions / Billing / Entertainment / Events / Technology

 
 

HRMWEB

At easyemployer we've come up with a software solution that manages one of your most important, and often most costly, business resources - your staff. We are helping 100s of clients to…

read more

Finance / Fitness / Technology

 
 

THE FITNESS GENERATION

The Fitness Generation is now part of NovoFit - see www.ausleisure.com.au/suppliers/novofit/

read more

Fitness / Technology / Wellness

 
 

GreeneDesk

Track. Engage. Retain GreeneDesk is a suite of cloud based software solutions helping health clubs, leisure centres and swim schools to effectively track progression, improve customer engagement and…

read more

Aquatics / Billing / Education / Fitness / Technology

 
 

Otium Planning Group

Otium Planning Group is a contemporary sport and leisure consultancy providing services in planning, facility development, management and funding for the sport, recreation and leisure industries…

read more

Aquatics / Consultants / Recreation / Sport / Venues

 
 
 
 

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