
NorthEdge-backed Total Fitness acquires Pro-Fit
NorthEdge Capital portfolio company Total Fitness has acquired personal training service Pro-Fit Personal Training.
The two companies have been in partnership for five years, with Pro-Fit using Total Fitness premises to offer its services.
Total Fitness first gained private equity backing in 2004, when Legal & General Ventures acquired the company from Anglo International Corporation for around £80m.
NorthEdge invested £11.5m for a majority stake in the company in 2015, using its debut fund, which closed on £225m in 2013. The fund was 95% deployed as of December 2018.
The deal follows the sale of Fitness World by FSN Capital to Pure Gym.
Company
Headquartered in Manchester and founded in 2003, Pro-Fit employs 150 personal trainers. The company offers personal training services, which can take place in partner gyms.
People
Total Fitness – Sophie Lawler (CEO); Jasvir Sanghera (CFO).
Latest News
Stonehage Fleming raises USD 130m for largest fund to date, eyes 2024 programme
Multi-family office has seen strong appetite, with investor base growing since 2016 to more than 90 family offices, Meiping Yap told Unquote
Permira to take Ergomed private for GBP 703m
Sponsor deploys Permira VIII to ride new wave of take-privates; Blackstone commits GBP 200m in financing for UK-based CRO
Partners Group to release IMs for Civica sale in mid-September
Sponsor acquired the public software group in July 2017 via the same-year vintage Partners Group Global Value 2017
Change of mind: Sponsors take to de-listing their own assets
EQT and Cinven seen as bellweather for funds to reassess options for listed assets trading underwater