Exercise Professionals - Xercise4Less secures £42m in private investment to fund expansion plans...
23 Oct 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

15 May 2018

Xercise4Less secures £42m in private investment to fund expansion plans
BY Tom Walker

Xercise4Less founder Jon Wright said the growth capital will allow the firm to tap into the growing demand for fitness.

Xercise4Less founder Jon Wright said the growth capital will allow the firm to tap into the growing demand for fitness.
photo: Xercise4Less

Budget chain Xercise4Less has secured growth investment worth £42m from Swedish credit provider Proventus Capital Partners.

The funding will allow Xercise4Less to press forward with its aggressive expansion plans, which will see the operator open another 10 gyms by the end of 2018.

In total, the Leeds-based firm plans to open 40 gyms over the next two years, after setting itself a target of having 100 gyms by the end of 2020.

Launched in 2009, the company will open its 50th club in June this year and currently has more than 300,000 members – 30 per cent of whom have never previously been members of health clubs.

Jon Wright, founder of Xercise4Less, said the growth capital will allow the firm to tap into the growing demand for fitness.

"Unlike other budget operators we are not selling on price," Wright said.

"We thrive on changing lives, and feel this ability to offer more than the consumer imagined they could receive is what will help us to continue disrupting the budget model and maintain the clear water between traditional and low-cost clubs.”

Proventus Capital Partners specialises in medium-sized companies and it has invested in a wide range of industries, including the leisure sector, where it had a significant stake in travel giant Thomas Cook during its financial and strategic transformation.

CEO of Proventus Capital Partners, Daniel Sachs, said: “The core of our strategy is working with entrepreneurs and helping them grow their business by providing them access to bespoke capital that suits their unique situation.

"The fitness industry has long been a focus area for us and we are delighted to become a strategic financial partner to Xercise4Less in their continued development.”



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

Print edition
 

News headlines
Simply Gym opens two new sites, grows portfolio to six
Simply Gym opens two new sites, grows portfolio to six   22 Oct 2018

Budget operator Simply Gym has launched two new sites in Uxbridge and Cardiff, as it looks to build its portfolio across Wales and southern England. .... more>>
Moving Medicine tool launched to help GPs promote physical activity
Moving Medicine tool launched to help GPs promote physical activity   22 Oct 2018

A new tool has been launched to help healthcare professionals talk to patients about the benefits of physical activity. The Moving Medicine tool is .... more>>
DW Fitness First launches pool-based HIIT classes
DW Fitness First launches pool-based HIIT classes   19 Oct 2018

DW Fitness First is introducing a new water-based HIIT class in order to cater to the public's increasing demand for innovative, intensive group .... more>>
First reveal of new This Girl Can campaign
First reveal of new This Girl Can campaign   18 Oct 2018

Speaking at the annual Legend customer day at the NEC today, Sport England’s executive director of mass markets, Dave Newton gave a first reveal of .... more>>
Equinox to launch retreats as the brand expands into travel
Equinox to launch retreats as the brand expands into travel   18 Oct 2018

Fitness operator Equinox will move further into the lifestyle space with the launch of bespoke luxury travel experiences, featuring domestic and .... more>>
Tech plan to transform NHS into 'most advanced health system in the world'
Tech plan to transform NHS into 'most advanced health system in the world'   18 Oct 2018

Health and social care secretary Matt Hancock has published a new technology masterplan for the National Health Service (NHS), designed to transform .... more>>
Company profile


GANTNER Ltd

GANTNER operates an ‘open-source’ system, which means that all of its technology and hardware can be easily retro-fitted into a leisure facility’s existing software.

View full profile>>

Catalogue gallery


Featured Supplier

MoveGB brings guest pass into 21st century with new Discovery tool

MoveGB brings guest pass into 21st century with new Discovery tool

The ‘free guest pass’ is now a cornerstone of most fitness operators’ acquisition practises. But is it effective to engage a new audience? More>>




in this issue

• New global launch for Leisure Media
• Bear Grylls and BMF target the inactive
• Hotel contract for Liverpool cruise terminal



Latest jobs

Jobs Search



Area Sales Manager
Salary: Competitive Salary
Location: London, UK
Company: eGym
Healthy Communities Manager
Salary: Up to £37,000 per annum
Location: Aberdeen, UK
Company: Sport Aberdeen
Marketing and Communications Manager
Salary: Up to £37,000 per annum
Location: Aberdeen, UK
Company: Sport Aberdeen
Performance and Planning Manager
Salary: Up to £35,000 per annum
Location: Aberdeen, UK
Company: Sport Aberdeen
Diary dates
Powered by leisurediary.com

24 Apr - 26 Nov 2018

MAPIC Russia

Expocentre, Moscow, Russia


22-23 Oct 2018

Event Organisers Summit

Grange Tower Bridge Hotel, London, United Kingdom



Health Club Management magazine 2018 issue 10
Health Club Management
2018 issue 10

View issue contents
View on turning pages
Download PDF
  Promotional feature: Myzone
Myzone is launching a range of new products and services this year, as CEO Dave Wright explains More>>
  Talking point: Gymtimidation
How can we ensure people are genuinely welcomed into clubs, to grow market penetration? Our panel debates the issues More>>


Health Club Management magazine 2018 issue 9

Health Club Management
2018 issue 9

View issue contents
View turning pages
Download PDF
  Editor’s letter: Healthy Planet
Liz Terry shares her thoughts  More>>
  Wellness: Wellness rooms
A trend is emerging for hotels and resorts to support the health and wellbeing of guests with in-room fitness offerings. We take a closer look 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