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  • Bridges backs fitness chain énergie

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    Bridges backs fitness chain énergie

  • Bridges Fund Management has acquired a majority stake in énergie Fitness, a low-cost gym franchise business in the UK.

     

    énergie operates more than 100 gyms in the UK and Ireland, focusing on providing small-box format gyms in catchment areas with smaller populations which did not previously have access to a low-cost gym. It operates on a franchise model and aims to roll out 30-40 new gyms a year.

     

    The investment from Bridges will be used to help énergie accelerate its growth plan. Founder Jan Spaticchia will remain with the business as a non-executive director.

     

    Neil King, CEO of énergie Fitness, said: “Bridges was an obvious choice to support us in the next phase of our growth. The team has substantial experience of successful roll-outs in the sector, which will be very valuable to us as we think about how to improve our member offering and find more great sites.”

     

    Philip Newborough, co-CEO of Bridges, added: “We know this sector very well and we believe énergie has identified a clear gap in the market: smaller-format, high-service gyms that can operate in areas where the large box gyms would not be able to. ”

     

  • 09/08/2019

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