Jameson Legal

 

Resource

 

 

 

 

 

 

 

 

 

 

 

Travers Smith acts on the proposed merger of the Pure Gym Group and The Gym Group

18 Feb 2014

A Travers Smith team led by private equity partner Phil Sanderson and senior corporate associate Adam Orr has advised management on the proposed merger of the Pure Gym Group and The Gym Group.

Pure Gym launched in 2009 and operates 61 gyms across the UK. Funds affiliated with CCMP Capital Advisors acquired a majority stake in the business in May 2013.

The Gym Group was founded in 2007 and operates 42 gyms across Great Britain. Phoenix Equity Partners acquired a majority stake in the business in 2013.

The completion of the merger is subject to regulatory approval.

The Travers Smith team also included tax partner Kathleen Russ, tax associate Richard Wild and corporate associate Victoria Bramall.

CCMP Capital are being advised by Kirkland & Ellis and Phoenix Equity Partners are advised by Eversheds.

Matter Type
M&A
Industry
Sport & Leisure
News Category
M&A