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
Owner looks for $1 billion plus sale of Fitness and Lifestyle Group
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.
29th January 2019 - Report suggests Fitness and Lifestyle Group buys CMG Asia for $200 million
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
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.
The Complete Guide to Leisure Industry Products & Services.
AIS Water, the trading name of Australian Innovative Systems, is a multi-award winning, Australian owned leader in the design, production and supply of commercial and residential chlorine generators…read more
SGL is an innovative and progressive lifestyle, leisure and community consulting practice, operated by Phillip Gray and active since 1988. SGL has undertaken an extensive range of sport,…read more
Felton Industries is Australia’s leading designer, manufacturer and supplier of quality outdoor furniture and has been supplying premium seating solutions for all sporting, commercial, community…read more
Activating skyscapes for tourism, art, leisure and living TouchCloud Global (TCg) is a highly specialised international consultancy, broker and principal, devoted solely to activating and energising…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
Playrope Aqua-Fun, are the Australian & New Zealand exclusive distributors for Vortex Aquatic Structures International, the world leader in aquatic playgrounds and urban water landscapes.…read more
Les Mills Asia Pacific Les Mills Asia Pacific (LMAP) have been setting the benchmark for providing professional fitness solutions across Australia and South East Asia since 1996. Our world renowned…read more
get listed with our suppliers directory
Get your business noticed in our targeted directory. Viewed by 10,000 industry professionals per week!