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).
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