King & Wood Mallesons has advised Quadrant Private Equity on its acquisition of Fitness First Australia from Oaktree Capital Management.
 
This is Quadrant’s third major investment in the health and fitness sector following its acquisitions of Jetts Fitness last week and Goodlife Health Clubs last month, on which KWM also advised.
 
The KWM team was led by Partner Mark McNamara with Special Counsel Alex Elser and Solicitor Stephanie Daaboul. Partners Yuen-Yee Cho and Elizabeth Hundt-Russell advised on the debt aspects of the deal and Partner Tim Sherman provided Tax advice.

“We are pleased to continue to support our client Quadrant on growing their portfolio of fitness and lifestyle operations. This latest acquisition positions Quadrant as an influential player in the sector which we see as offering significant long-term growth opportunities”, said McNamara.