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KSL deal means Third Space can be bold in its strategy and ambitions Waggett tells HCM
08 Sep 2021 . BY Tom Walker
Waggett was speaking exclusively to HCM / Third Space
Colin Waggett has revealed that the recent deal, which saw KSL Capital Partners acquire a majority interest in luxury health club operator Third Space, had been in planning for two years.

Speaking exclusively to HCM in the current (8/2021) issue of the magazine, Waggett said the deal was not done in a hurry and is a strategic move which will result in 'substantial expansion'.

"We first started talking to KSL over two years ago, so this was not a rushed partnership," Waggett said.

"KSL has a vision statement which is 'to invest in the unforgettable to create the enduring'. I really like that. They’re a leisure-only investor and work primarily in the luxury segment.

"They really understand that customer experience is at the heart of businesses like ours.

"In short, they have relevant expertise, their values align with ours and they believe in what we’re doing.

"It’s also great that our long-term backer, Encore Capital, has remained invested. This reflects their confidence and belief in what we do.

"The deal gives us a partner with deep leisure experience and funding. Taken together this means we can be bold in our strategy and our ambition."

Launched in 2001, Third Space currently operates a portfolio of six clubs.

Confirmed new openings include a seventh site, set to open in late 2021, at the heart of Mayfair at Number One Curzon St.

• To read the full article and to learn more about Third Space's plans, click here for the 8/2021 issue of HCM.
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Jobs    News   Products   Magazine
PRODUCT NEWS
KSL deal means Third Space can be bold in its strategy and ambitions Waggett tells HCM
08 Sep 2021 . BY Tom Walker
Waggett was speaking exclusively to HCM / Third Space
Colin Waggett has revealed that the recent deal, which saw KSL Capital Partners acquire a majority interest in luxury health club operator Third Space, had been in planning for two years.

Speaking exclusively to HCM in the current (8/2021) issue of the magazine, Waggett said the deal was not done in a hurry and is a strategic move which will result in 'substantial expansion'.

"We first started talking to KSL over two years ago, so this was not a rushed partnership," Waggett said.

"KSL has a vision statement which is 'to invest in the unforgettable to create the enduring'. I really like that. They’re a leisure-only investor and work primarily in the luxury segment.

"They really understand that customer experience is at the heart of businesses like ours.

"In short, they have relevant expertise, their values align with ours and they believe in what we’re doing.

"It’s also great that our long-term backer, Encore Capital, has remained invested. This reflects their confidence and belief in what we do.

"The deal gives us a partner with deep leisure experience and funding. Taken together this means we can be bold in our strategy and our ambition."

Launched in 2001, Third Space currently operates a portfolio of six clubs.

Confirmed new openings include a seventh site, set to open in late 2021, at the heart of Mayfair at Number One Curzon St.

• To read the full article and to learn more about Third Space's plans, click here for the 8/2021 issue of HCM.
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Shipping gym equipment from Europe to the UK
Despite the Prime Minister’s claims that trade with the EU would be tariff-free post-Brexit, the reality has become very different when importing gym equipment from the EU.
UK trust members smash ‘Road to Tokyo’ challenge
Members from UK leisure and cultural trusts have stepped up and logged an impressive 21.5million steps in a ‘Road to Tokyo’ challenge, as part of a free initiative from leisure & cultural marketing experts, Bigwave Marketing.
Active IQ Skills Hub helps fitness professionals boost skills in post-Covid market
Suffice to say that the pandemic has completely changed the way fitness professionals work and the way consumers work out – and therein lies opportunity.
Surge integrates Fisikal with HubSpot to drive business efficiencies and grow revenue
As Surge expands its offer with the launch of a third dedicated Electronic Muscle Stimulation (EMS) studio this summer – this time in Fleet Street, London – the brand reflects on the vital role of its estate wide digital ecosystem, created in partnership with Fisikal, designed to drive business efficiencies and commercial success.
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Uptivo: Individual and group heart rate tracking
Uptivo is an all-in-one digital solution for fitness clubs, fitness boutique studios and personal trainers that provides powerful tools to schedule activities, manage member payments, and monitor heart rate both for remote and on-site classes.
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Power Plate has teamed up with Myzone to provide its community with new class experiences and the opportunity to offer rewards based on effort, every time they move.
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Premier Software Solutions Ltd

Premier Software is a privately-owned UK-based company. [more...]
+ More profiles  
CATALOGUE GALLERY
+ More catalogues  

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Tel: +44 (0)1462 431385

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