Acquisition of Total Fitness Health Club Group
April 7, 2015
Coffer Corporate Leisure is pleased to confirm the MBO acquisition of the Total Fitness Health Club Group by its private equity client, North Edge Capital. Coffer Corporate Leisure - the only dedicated property investment and mergers & acquisitions advisor to the leisure industry - acted for NorthEdge Capital on the transaction providing property, business and market advice on NorthEdge's backing of the management buyout of Wilmslow-based health and fitness company Total Fitness.
Total Fitness currently operates 17 fitness and leisure clubs across the North of England and will use the new investment to support their next stage growth plans, which begin with the re-opening of their Wrexham club following a £1m+ refurbishment.
Lawrence Telford, Director at Coffer Corporate Leisure said: "Using our unique knowledge of the leisure property market we were able to provide NorthEdge with comprehensive advice which proved critical to ensuring the investment was made. In addition, we also advised Total Fitness on the re-gearing of many of its leases ahead of the investment.
"The UK health and fitness industry continues to grow and provide exciting opportunities for investors. This is a great investment for NorthEdge and provides the injection of capital that Total Fitness needs to take its business to the next level."