Fitness First pulls £1.2bn Singapore IPO October 2, 2011 GYM chain Fitness First has pulled its Singapore flotation as global market turmoil shows little sign of easing. Private equity owner BC Partners was expected to raise around £500m in a listing which would have valued Fitness First at between £1bn and £1.2bn. It has postponed the initial public offering (IPO), however, because of the [...]
Fitness First pulls £1.2bn Singapore IPO October 2, 2011 GYM chain Fitness First has pulled its Singapore flotation as global market turmoil shows little sign of easing. Private equity owner BC Partners was expected to raise around £500m in a listing which would have valued Fitness First at between £1bn and £1.2bn. It has postponed the initial public offering (IPO), however, because of the [...]
Cinven sews up new fund March 14, 2012 BUYOUT firm Cinven has sparked hopes of a significant recovery in private equity fundraising by hitting a €3bn (£2.5bn) first close on its latest fund. The London-based firm took around six months to raise the cash and expects to have raised €5bn by the time it reaches its final close, City A.M. understands. It comes [...]
Get fit while the sun shines February 20, 2012 Two days without February’s usual inclement weather should have been enough to rouse from hibernation the part of your brain that craves exercise. Escape the tedium of the gym with these get-fit options that take advantage of the weather – while it lasts. TOUGH MUDDER Run by the special forces, Tough Mudder is an insane [...]
WHAT THE OTHER PAPERS SAY THIS MORNING April 10, 2012 FINANCIAL TIMES YAHOO REORGANISES IN WAKE OF CUTS Yahoo’s new chief executive officer spelt out a new organisational structure and leadership team on Tuesday to try to bring growth back to the internet portal company. ENERGY GROUPS AGREE TO TARIFF ADVICE The six biggest energy companies have agreed to write to customers every year to [...]
WHAT THE OTHER PAPERS SAY THIS MORNING April 10, 2012 FINANCIAL TIMES YAHOO REORGANISES IN WAKE OF CUTS Yahoo’s new chief executive officer spelt out a new organisational structure and leadership team on Tuesday to try to bring growth back to the internet portal company. ENERGY GROUPS AGREE TO TARIFF ADVICE The six biggest energy companies have agreed to write to customers every year to [...]
FIT IN THE CITY February 6, 2012 FITNESS & DIET EXPERT SO apparently two-thirds of us have now ditched our new health regimes. One of the main reasons? Bordeom. Here’s my pick of the bunch for how best to mix it up for the rest of the year. For the daredevil: If the novelty’s worn off your bog standard 10K race, think [...]
BC’s new fund pulls in €6.5bn February 21, 2012 PRIVATE equity house BC Partners has shone a ray of light on the troubled buyout industry by raising €6.5bn (£5.45bn), in the largest European fundraising since the onset of the financial crisis. The owner of gyms chain Fitness First and Swedish cable group Com Hem raised more than it expected despite many of the world’s [...]
NUFFIELD HEALTH EXPANDS GYM PORTFOLIO January 24, 2012 HEALTH charity Nuffield Health yesterday added to its existing portfolio of fitness centres by snapping up Greens Health & Fitness, a chain of 15 gyms previously owned by the De Vere Group. Nuffield now runs 66 consumer and 200 corporate fitness sites across the UK, including the centre on Cousin Lane behind Cannon Street station [...]
BC goes back to the future with new deal for Foxtons March 18, 2012 THE private equity firm that lost control of Foxtons amid the housing slump is on the verge of buying it back from its banks. BC Partners, led by managing partner Charlie Bott, is set to take a majority shareholding for between £55m and £75m, two years after the estate agent was shored up by a [...]