Blogs

26 Jun 2020
News

F45 set to go public after deal for takeover by Crescent-backed vehicle

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F45 is preparing an initial public offering, after a takeover agreement with a special purpose vehicle backed by Crescent Capital Group, that is anticipated to give the combined company an enterprise value of $845 million A filing by Crescent...

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24 Jun 2020
News

CrossFit getting new owner

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Eric Roza said on social media this afternoon that he has reached an agreement to become the owner and chief executive of CrossFit. This comes after the resignation of Greg Glassman over controversial comments earlier this month, which appalled...

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24 Jun 2020
News

Hydrow raises funds, working on European launch

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Hydrow has raised another $25 million in a funding round led by L Catterton, the private equity firm that previously invested in Peloton and many other fitness companies. The Boston-based supplier started shipping its connected rowers last year...

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24 Jun 2020
News

énergie Fitness repurchased by founding shareholders and managers

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Launching énergie Fitness in more international markets is one of the priorities for the team that is taking over the leadership at the British fitness franchise, after a management buy-out. The owner of a franchise with 105 fitness clubs and...

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10 Jun 2020
News

CrossFit chief quits, Reebok pulls out of talks

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Dave Castro is taking over as chief executive at CrossFit, after furious backlash against insensitive tweets from Greg Glassman led the founder to quit. The social media messages, referring to George Floyd and Covid-19, led multiple partners,...

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10 Jun 2020
News

Evo Fitness restarts with expansion

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While Norwegian fitness club operators are preparing to reopen on June 15, Evo Fitness has prepared a flying restart with three openings scheduled in the next few weeks. With its technology-driven concept, Evo is well-equipped to deal with...

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29 May 2020
News

Les Mills fast-tracks digital resources

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Les Mills is launching its on-demand group exercise app for consumers in Germany next week, as part of its moves to supply omni-channel workouts. Martin Franklin, European chief executive at Les Mills, said last week that the group has...

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29 May 2020
News

Echelon strikes European partnerships

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Echelon Fitness is preparing to launch distribution of its home fitness products in France and Germany, after a huge leap in demand in the last few weeks. Lou Lentine, Echelon’s chief executive, said the business doubled in the first quarter,...

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29 May 2020
News

McFit reopens with flexible deals

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McFit has started offering a monthly membership to rebuild sales and traffic at its gyms, which are working at about half of their capacity since reopening in Germany and Italy in the last two weeks. Just in time for reopening it came up with...

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14 May 2020
News

Xercise4Less shares for sale

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Xercise4Less shareholders are envisaging a sale to fortify the British budget gym operator’s financial position. The group of 51 large gyms received debt funding of £42 million (€47.5m) from Proventus Capital Partners, a Swedish firm, in May...

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