At what enterprise value was FITNESS FIRST acquired in 2012?

You can find the full valuation details of FITNESS FIRST on mynth capital. By registering for free, you get access to complete and exact transaction details including enterprise value, revenue, and EBITDA. Additionally, our database shows that the Retail & Consumer industry currently tracks an average EBITDA multiple of 11.3x, providing a valuable benchmark for this transaction.

What was the EV/EBITDA of FITNESS FIRST when it was acquired by OAKTREE CAPITAL MANAGEMENT?

The exact EV/EBITDA multiple for FITNESS FIRST is available on mynth capital. For comparison, the Retail & Consumer sector currently shows an average EBITDA multiple of 11.3x. Join our community for free to access full valuation data and industry trends.

When was FITNESS FIRST acquired by OAKTREE CAPITAL MANAGEMENT?

FITNESS FIRST was acquired by OAKTREE CAPITAL MANAGEMENT in 2012.

What was the revenue of FITNESS FIRST at the time of the deal?

The revenue of FITNESS FIRST at the time of the deal is estimated to be in the range of 450M - 900M GBP. Register for free to access the full transaction report and exact valuation multiples.

What is Enterprise Value (EV)?

Enterprise Value (EV) is a measure of a company's total value, often used as a more comprehensive alternative to equity market capitalization. EV includes in its calculation the market capitalization of a company but also short-term and long-term debt as well as any cash on the company's balance sheet.

What is the EV/EBITDA multiple and why is it used?

The EV/EBITDA multiple is a financial ratio that compares a company's Enterprise Value (EV) to its Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA). It is widely used in M&A and valuation because it allows for comparisons between companies with different capital structures and provides a clear view of operational profitability.

How is the data for the FITNESS FIRST acquisition sourced and is it reliable?

Mynth data is contributed by a professional community of M&A and Private Equity experts. Each transaction, including the FITNESS FIRST deal, is systematically cross-verified by our team using private deal documents and official sources. You can also find the official press release for this transaction here: https://www.thisismoney.co.uk/money/markets/article-2116390/Oaktree-set-rescue-Fitness-First-debt-equity-deal.html

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Home Database Retail & ConsumerFITNESS FIRST

03/2012

FITNESS FIRST

Acquired by

OAKTREE CAPITAL MANAGEMENT

UNITED KINGDOM Hospitality & Leisure / Hospitality REV 450M - 900M GBP

FITNESS FIRST acquired by OAKTREE CAPITAL MANAGEMENT

UNITED KINGDOM Hospitality & Leisure / Hospitality REV 450M - 900M GBP

Context

The deal involves Oaktree Capital acquiring a majority stake in Fitness First through a debt-for-equity swap. The transaction is expected to provide a rescue package for the debt-laden gym chain, which has been struggling to meet its interest payments. The deal will allow BC Partners, the current private equity backer of Fitness First, to retain a partial stake in the company, potentially limiting its losses. The debt-for-equity swap is an unusual structure, as it is not a hostile takeover, but rather a collaborative effort between Oaktree Capital and BC Partners to restructure Fitness First's debt and provide a stable financial foundation for the company. The deal is expected to be completed in a matter of weeks, with Oaktree Capital taking control of the company. The transaction is seen as a strategic move by Oaktree Capital to acquire a majority stake in a prominent gym chain operator, with potential for future growth and expansion. The deal is also expected to provide a significant opportunity for Oaktree Capital to create value through active management and strategic restructuring.

FITNESS FIRST, which reported an EBITDA margin of LOGIN in 2011, is valued in this transaction at an EV/EBITDA multiple of LOGIN, a level to compare with the average currently observed in the Retail & Consumer sector (11.3x).

Note that this data is based on contribution from our growing community, composed of M&A and Private Equity professionals, and has been verified by our team to ensure its accuracy.

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Target

Fitness First is a prominent gym chain operator with a significant presence in the health and wellness sector. The company has a long history of providing fitness services to its members, with a network of approximately 430 clubs. Fitness First offers a range of amenities and services, including state-of-the-art equipment, group fitness classes, and personal training sessions. The company has faced challenges in recent years due to increased competition from budget gym operators and declining consumer spending. Despite these challenges, Fitness First remains a well-established brand with a strong reputation in the fitness industry. The company's business model is focused on providing a high-quality fitness experience to its members, with a emphasis on convenience, flexibility, and value. Fitness First has a diverse range of membership options and pricing plans, allowing it to cater to a broad range of customers. The company's operations are supported by a team of experienced professionals, including personal trainers, group fitness instructors, and customer service staff.

Ent. Value

Equity Value

Multiples

EV / Revenue

EV / EBITDA

EV / EBIT

Historical Financials (GBP)

Year

Rev

EBITDA

EBIT

2011

2010

Other operations with FITNESS FIRST

Date	Acquirer	Target	Country	Sector	Deal Context
09/2005	BC PARTNERS	FITNESS FIRST	UNITED KINGDOM	Hospitality & Leisure	Fitness First is a prominent gym chain operator with a significant presence in the health and wellness sector. The company has a long history of providing fitness services to its members, with a network of approximately 430 clubs. Fitness First offers a range of amenities and services, including state-of-the-art equipment, group fitness classes, and personal training sessions. The company has faced challenges in recent years due to increased competition from budget gym operators and declining consumer spending. Despite these challenges, Fitness First remains a well-established brand with a strong reputation in the fitness industry. The company's business model is focused on providing a high-quality fitness experience to its members, with a emphasis on convenience, flexibility, and value. Fitness First has a diverse range of membership options and pricing plans, allowing it to cater to a broad range of customers. The company's operations are supported by a team of experienced professionals, including personal trainers, group fitness instructors, and customer service staff.

REFERENCES

Revenue range: 450M - 900M GBP

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of FITNESS FIRST by OAKTREE CAPITAL MANAGEMENT are reserved for mynth community members. Register for free to unlock full data.

Authors: mynth contributor (mynth data is contributed by M&A / PE professionals and systematically cross-verified with private deal documents and official press releases).

Target: fitness first

Acquirer: oaktree capital management