Exercise Professionals - énergie Fitness appoints financial advisors ahead of sale and 'aggressive expansion' ...
25 Apr 2018 Exercise professionals: News, jobs and training
 
 
HOME
JOBS
NEWS
FEATURES
PRODUCTS
FREE DIGITAL SUBSCRIPTION
PRINT SUBSCRIPTION
ADVERTISE
CONTACT US
Sign up for FREE ezine
Latest news

16 Apr 2018

énergie Fitness appoints financial advisors ahead of sale and 'aggressive expansion'
BY Tom Walker

CEO Jan Spaticchia said the search for a new financial partner is part of plans to complete an aggressive rollout in the UK.

CEO Jan Spaticchia said the search for a new financial partner is part of plans to complete an aggressive rollout in the UK.
photo: énergie Fitness

Budget club operator énergie Fitness is looking for a new financial partner after appointing Clearwater International and Canaccord Genuity as its new financial advisors.

The firms – both which have pedigree in the fitness sector – have been tasked with finding énergie a financial partner which will be able to provide énergie with growth capital, as well as "liquidity for legacy shareholders", who are currently invested in the business.

Clearwater International, a corporate finance firm, recently advised Fitness Hut – a Portuguese low-cost gym group – on securing investment from Viva Gym. It also advised Gymbox on securing growth capital funding from investment firm Business Growth Fund.

Financial services firm Canaccord Genuity previously advised LA Fitness on its sale to Pure Gym.

According to énergie CEO Jan Spaticchia, the search for a new financial partner is part of plans to complete "an aggressive rollout" in the UK.

"After refining the brand and business model over several years, we believe that now is the right time to aggressively accelerate our growth plan," Spaticchia told Leisure Opportunities.

"Our presence in the high-growth budget segment of the fitness club market, our new boutique-style offering ‘thé YARD’, and our franchise business model positions us at the nexus of three highly attractive areas of the market."

He added that énergie's management team are expected to remain shareholders in the business.

Énergie has been considering its options for a liquidity event for some time and in 2012 it abandoned a floatation at the last minute due to market volatility.

As part of preparations for finding new investment, the company appointed Neil King – former managing director of 1Life Management Solutions – as its new chief operating officer earlier this year.

At the time of King's appointment, Spaticchia said: “We’re looking at a capital realisation event at the back end of this year – it could be private equity, it could be an IPO – and this appointment will give me the opportunity to work on that."

Founded in 2003, énergie is the largest and fastest growing budget fitness franchise group in the UK with 106 clubs open and in presale, around £30m network turnover and more than 135,000 members across the UK, Republic of Ireland and Europe. énergie grants between 30 and 40 new franchises every year and already has 26 clubs scheduled for opening in 2018.



Connect with
Exercise Professionals
Magazine:
View issue contents
Sign up:
Instant Alerts/zines

Print edition
 

News headlines
Deloitte report: European fitness market worth €26.6bn
Deloitte report: European fitness market worth €26.6bn   23 Apr 2018

A 4 per cent increase in the number of people having health club memberships helped European fitness club operators record total revenues of €26.6bn .... more>>
New generation of fitness tech "could ease pressure on the NHS"
New generation of fitness tech   19 Apr 2018

Emerging fitness technologies could be the "cradle to grave game-changer" for public health in the UK. That's the message from ukactive CEO Steven .... more>>
Wates bags contract for £33m Maidenhead leisure centre
Wates bags contract for £33m Maidenhead leisure centre   19 Apr 2018

Wates Construction has won the contract to build a new £33m leisure centre and swimming pool at Braywick Park in Maidenhead, Kent. Designed by .... more>>
St Nicholas Park Leisure Centre opens following redevelopment
St Nicholas Park Leisure Centre opens following redevelopment   18 Apr 2018

St Nicholas Park Leisure Centre in Warwick has been fully reopened to the public as part of a £14.5m (US$20.6m, €16.7m) redevelopment programme of the .... more>>
Boutique fitness operator launches exercise referral programme
Boutique fitness operator launches exercise referral programme   17 Apr 2018

Independently-owned boutique fitness operator Ten Health and Fitness has launched an exercise prescription programme for its clients. The operator, .... more>>
£13.5m The Hive leisure centre to open ahead of schedule
£13.5m The Hive leisure centre to open ahead of schedule   17 Apr 2018

The Hive Leisure Centre in Ely, Cambridgeshire is set to open to the public on 14 May – two weeks ahead of schedule. The £13.5m centre will include .... more>>
Company profile


Technogym

Technogym provides a complete range of best-in-class cardiovascular, strength and functional equipment for both professional and home use.

View full profile>>

Catalogue gallery


Featured Supplier

Getting Riggy With It – Completely bespoke functional training rig solutions from EXF

Getting Riggy With It – Completely bespoke functional training rig solutions from EXF

At EXF our functional training rigs are anything but ordinary. More>>




in this issue

• Boutique fitness boom fuelled by women
• Fusion opens zynk-designed London club
• The Principal opens organic wellness spa



Latest jobs

Jobs Search



Apprentice Recreation Assistant (Lifeguard)
Salary: Up to £17,133 per annum (39 hours a week pro rata)
Location: Witney, UK
Company: GLL
Recreation Assistant (Lifeguard)
Salary: Up to £10.20 per hour
Location: Ruislip, UK
Company: GLL
Personal Trainers
Salary: Self Employed
Location: Romford, UK
Company: Everyone Active
Fitness Instructors
Salary: £7.08 to £7.83 per hour
Location: West Sussex, UK
Company: Bluecoat Sports Health & Fitness Club
Diary dates
Powered by leisurediary.com




22-25 Apr 2018

Arabian Travel Market

Dubai International Convention and Exhibition Centre, Dubai, United Arab Emirates


24 Apr - 26 Nov 2018

MAPIC Russia

Expocentre, Moscow, Russia



Health Club Management magazine 2018 issue 4
Health Club Management
2018 issue 4

View issue contents
View on turning pages
Download PDF
  Fitness-kit.net: Product innovations
Lauren Heath-Jones brings you the latest inspiring innovations, from Polar, Escape, FitQuest and Active IQ More>>
  Ask an expert: Functional training
Functional training is growing in popularity, but will it overtake traditional training methods? We open the debate More>>


Health Club Management magazine 2018 issue 3

Health Club Management
2018 issue 3

View issue contents
View turning pages
Download PDF
  Gym Design: Design spotlight
We take a close look at the impressive layout and design of the newly renovated Midtown Athletic Club in Chicago More>>
  Supplier showcase: Saving energy
Pure World Energy is delivering energy savings to Bristol and Weymouth leisure centres via its gas microturbine units More>>


Published by The Leisure Media Company Ltd Portmill House, Portmill Lane, Hitchin, Herts SG5 1DJ. Tel: +44 (0)1462 431385 | Contact us | About us | © Cybertrek Ltd