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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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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.
PRODUCT NEWS
GLL Better UK App passes 1 million downloads
GLL and its app partner Innovatise (myFitApp) have today announced the Better UK App has been downloaded over 1 million times since it was launched in November 2019.
Sporting heroes to officially open £22 million redevelopment at Everyone Active centre
A £22 million redevelopment project will be unveiled at Grange Paddocks Leisure Centre, as part of the official launch of the state-of-the-art centre.
FitnessOnDemand launches new live-streaming feature for all fitness clubs and their members
FitnessOnDemand (FOD) [IHRSA BOOTH 1509] the leader in on-demand content from the world’s most innovative fitness brands and celebrity trainers, this month introduces a new platform evolution for all club operators and their customers.
Founder of dynamic yoga platform launches cinematic wellbeing classes for luxury spas and hotels
Matt Miller, founder of leading yoga training platform Broga has announced the launch of Earth+Sky – a collection of cinematic virtual wellbeing classes filmed in breath-taking locations around the world.
Humanising the member app experience
FunXtion has upgraded its White Label Member App with a raft of new features to support its partners in scaling up and keeping up with rising member expectations.
Are traditional gyms going to war with smart gyms?
CEO of Orbit4, Daniel Jones, says: “There’s no reason traditional gyms and smart gyms can’t live in harmony. With a little reorganisation and education, there’s a really bright future for all gyms.”
Leon Rudge appointed as new Myzone global head of product
Myzone is excited to announce that fitness innovation and technology expert, Leon Rudge, is joining the team as global head of product, in a move set to add over a decade of experience that benefits customers and end users alike.
CryoAction launches electronically-cooled whole body cryotherapy chambers
CryoAction has unveiled a new range of electric cryotherapy chambers with temperatures reaching as low as -140°C.
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.
+ More products   
 
COMPANY PROFILES
Life Fitness

The Life Fitness family of brands offers an unrivalled product portfolio, providing customers with a [more...]
+ More profiles  
CATALOGUE GALLERY
+ More catalogues  

VIDEO GALLERY

Retrofit London works with Technogym to create premium member experience
Retrofit London creates personalised experience, premium service and sensational classes in partnership with Technogym Find out more...
+ More videos  

DIRECTORY
+ More directory  
DIARY

 

31 Oct - 03 Nov 2021

GSN Buyers Conference - Green Spa Network

Ojai Valley Inn & Spa, Ojai, United States
09 Nov 2021

We Work Well North America

Virtual, United States
+ More diary  
 


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