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Candover buys stake in Technogym.
10 Jul 2008 . BY
UK-based private equity firm Candover has secured a 40 per cent stake in Italian fitness equipment supplier Technogym.

The shares were sold by Nerio Alessandri, Technogym founder and president, and his younger brother and board member Pierluigi Alessandri.

Commenting on the acquisition, Nerio Alessandri said: "This is an important milestone in the entrepreneurial development of Technogym, as it represents an unparalleled opportunity for our management, employees and all our stakeholders.

"Working with an international partner of the caliber of Candover will act as an important catalyst in the future development of the Technogym business globally and will help us to achieve our aspiration: to be the only truly global company focused on promoting Wellness in order to improve the quality of people’s lives".

The deal is the tenth investment to be made from the Euro 3.5bn Candover 2005 Fund. Last year, Candover acquired Spanish theme park operator Parques Reunidos in a deal believed to be worth more than Euro 900m.

Founded in 1983, Technogym generated a turnover of Euro 385m euro in 2007, having grown at an average annual growth rate of over 35 per cent since its inception.

Aldo Maccari, director of Candover Italy, said: "As the problem of world obesity increases and governments move from a treatment to a prevention model, health and exercise are becoming a critical focus of the modern world.

"That is why we are excited to be investing in the global champion of the wellness industry".
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PRODUCT NEWS
Candover buys stake in Technogym.
10 Jul 2008 . BY
UK-based private equity firm Candover has secured a 40 per cent stake in Italian fitness equipment supplier Technogym.

The shares were sold by Nerio Alessandri, Technogym founder and president, and his younger brother and board member Pierluigi Alessandri.

Commenting on the acquisition, Nerio Alessandri said: "This is an important milestone in the entrepreneurial development of Technogym, as it represents an unparalleled opportunity for our management, employees and all our stakeholders.

"Working with an international partner of the caliber of Candover will act as an important catalyst in the future development of the Technogym business globally and will help us to achieve our aspiration: to be the only truly global company focused on promoting Wellness in order to improve the quality of people’s lives".

The deal is the tenth investment to be made from the Euro 3.5bn Candover 2005 Fund. Last year, Candover acquired Spanish theme park operator Parques Reunidos in a deal believed to be worth more than Euro 900m.

Founded in 1983, Technogym generated a turnover of Euro 385m euro in 2007, having grown at an average annual growth rate of over 35 per cent since its inception.

Aldo Maccari, director of Candover Italy, said: "As the problem of world obesity increases and governments move from a treatment to a prevention model, health and exercise are becoming a critical focus of the modern world.

"That is why we are excited to be investing in the global champion of the wellness industry".
PRODUCT NEWS
How Gympass reinvented wellbeing
Over the last year, fitness and wellness organisations have faced challenges like never before. When gyms closed and members needed alternative support to keep up their health and wellbeing routines, Gympass swiftly pivoted its business model to offer a wealth of digital solutions for its partners.
Indigo Fitness partners with human performance specialist to launch bespoke corporate fitness services to improve staff mental and physical health
As the government looks into ways to stem the rising tide of health problems caused by physical inactivity, a sports performance specialist has launched a service aimed at helping improve the nation’s wellbeing while boosting business performance.
Strengthening your mind...one work out at a time
There’s nothing quite like discovering a product that creates a huge impact in our life. After all, isn’t that what we’re all searching for?
InBody UK announced as new NHS supply chain provider
With the current pandemic and the nation becoming more focused on their own health, InBody is proud to announce it’s achieved approval to offer its medically graded body composition analysis products through the NHS supply chain.
Safe Space appointed official SUITMATE distributor for Great Britain
Safe Space, supplier of lockers and changing room solutions to the fitness and leisure industry, has been named official distributor for SUITMATE, the swimsuit water extractor.
Myzone launches daily online family PE lessons
Repair, recover and rejuvenate with Power Plate Pulse
Power Plate Pulse is a powerful yet whisper-quiet handheld targeted vibration product, designed to help users prepare for workouts faster and recover quicker.
Pulse Fitness’ Classic Strength Line offers a stripped back aesthetic
Bringing strength equipment back to basics, Pulse Fitness has launched a Classic Strength Line which includes 15 stations of selectorised strength machines.
Precor launches member-focused Preva Mobile app
Precor has launched a mobile app to accompany its popular networked fitness solution, Preva, which has so far recorded almost a billion workouts in more than 11,000 facilities worldwide.
Inspace Fitness launches new brand and online channels
Fitness start-up, Inspace, has revealed plans to launch a new brand, website and social channels.
ASPA International launches handheld UV-C light disinfection lamp
For over 30 years, ASPA International has designed and built high-quality spas for the hotel, health and wellness sectors.
The Retention People unveil 2020 Member Experience Awards winners
Member engagement software provider The Retention People (TRP) has unveiled the winners of its annual 2020 Member Experience Awards (MEA).
+ More products   
 
COMPANY PROFILES
Crown Sports Lockers

We design, manufacture and install bespoke timber furniture, including lockers, vanities, bench se [more...]
+ More profiles  
CATALOGUE GALLERY
+ More catalogues  

VIDEO GALLERY

PENDEX | Simply Ingenious
It trains humans better than humans train humans. Find out more...
+ More videos  

DIRECTORY
+ More directory  
DIARY

 

08-09 Apr 2021

AMS Virtual Conference

Online,
13-20 Apr 2021

Beauty meetings - for professional beauty

Online,
+ More diary  
 


ADVERTISE . CONTACT US

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Hitchin, Hertfordshire SG5 1DJ Tel: +44 (0)1462 431385

©Cybertrek 2021

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