ICP
ICP is an Australian-based company focused on indoor climbing. ICP will manage your project from initial design to completion and beyond, whether you're building an international-level climbing…
read moreThe Fitness and Lifestyle Group is reportedly to pay $200 million to acquire the Vietnam-based CMG Asia gym group.
As reported today in the Australian Financial Review, the investment is apparently part of plans by Fitness and Lifestyle Group owner Quadrant Private Equity to expand the business - particularly in Asia - as it prepares the overall company for sale.
The AFR reports that “the Asian acquisitions are sure to bring a strong Asian growth story to the auction, which would likely increase the field of potential buyers and perhaps add some sizzle to its predominantly Australian gyms portfolio.”
Based in Ho Chi Minh City (formerly Saigon) CMG (California Management Group) Asia operates in four industry sectors: fitness and health, medical and beauty, media entertainment and early childhood development.
It is also the south east Asian master franchisor for UFC Gyms.
AFR sources said CMG Asia facilities have about 100,000 members generating about $20 million in annual earnings.
The AFR suggested that with over $600 million revenue, if sold, the media-shy Fitness and Lifestyle Group would be worth up to $2 billion.
Image shows CMG Asia's California Fitness brand.
The Fitness and Lifestyle Group was profiled in the latest issue of Australasian Leisure Management.
18th October 2018 - Stock market launch for Club Lime owner Viva Leisure reflects positive fitness industry performance
5th January 2018 - Fitness and Lifestyle Group acquires Tasmanian-based Zap Fitness
27th October 2017 - Fitness and Lifestyle Group acquires Go Health Clubs
23rd February 2017 - Asian fitness club merger sees creation of Evolution Wellness
2nd December 2016 - ACCC will not oppose Quadrant’s Fitness First acquisition
29th September 2016 - Quadrant expands wellness empire with acquisition of Fitness First Australia
27th September 2016 - UFC Gyms begin South East Asian expansion
18th September 2016 - Quadrant Private Equity adds Jetts to fitness sector acquisitions in $100 million deal
26th October 2010 - World Gym acquires California Fitness in Taiwan
10th September 2009 - California Fitness Sells Malaysian Business
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.
ICP is an Australian-based company focused on indoor climbing. ICP will manage your project from initial design to completion and beyond, whether you're building an international-level climbing…
read moreAUSTRALIAN MADE. BUILT NOT BOUGHT. AlphaFit is a 100% Australian owned family company manufacturing gear specifically for the strength and conditioning, functional fitness and high-performance…
read moreAt 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 morePico Play is a global leader in the planning, design, development and construction of world-class themed attractions and entertainment that deliver extraordinary and memorable experiences to millions…
read moreATS are global leaders in altitude training and research. From mask systems and inflatable tents to simulated altitude facilities, we help all athletes gain the competitive edge. Our…
read morePricemark supplies a wide range of custom branded membership & RFID access products for the Health & Leisure Industry.
read moreYellowbox is an Australian technology company that has developed smart locker technology operated through an app with a focus on experience for users and facility managers. Found at Beaches, Aquatic…
read moreGet your business noticed in our targeted directory. Viewed by 10,000 industry professionals per week!