Private equity group Altor Fund III has signed an agreement to acquire ELIXIA, the Nordic health and fitness chain, from another private equity group Norvestor and its other owners.
ELIXIA currently operates 34 health clubs in Norway, 11 in Finland and two in Sweden. It has revenues of around NOK 900 million (over £100m).
"We see scope for substantial growth across the region," says Jaakko Kivinen, partner at Altor Equity Partners.
"ELIXIA has demonstrated a strong track record of profi table growth. We look forward to continuing to develop the business with Altor as the new owner," sayid Ståle Angel, CEO of ELIXIA.
Private equity group Altor Fund III has signed an agreement to acquire ELIXIA, the Nordic health and fitness chain, from another private equity group Norvestor and its other owners.
Life Fitness has reimagined cardio with the launch of its Symbio line which has been
designed with advanced biomechanics and offers deep levels of customisation
Weight loss drugs are altering consumer behaviour, disrupting sectors from food retailing (smaller portions) to apparel (less fabric needed). We need to move fast to align with this new reality
“Having now done some franchising, we realise that doing boutiques well requires detailed focus, blood, sweat and tears that can only be delivered by the homegrown team”
Disappointment about being
passed over for promotion
gave Neil Randall, the resilience
he needed to climb the ranks.
He talks to Kath Hudson about
the challenges he faced early
in his career and the skills
he learned from them
Altrafit has taken further steps to cement its reputation as a provider of high-quality,
affordable functional fitness equipment that is built to last with the development and
introduction of a new functional fitness keg for luxury gym operator, Third Space.
In today's rapidly evolving fitness industry, where many online courses promise secret
formulas for entrepreneurial success, the reality is that few provide the necessary
knowledge to thrive in this fast-changing profession.
BLK BOX is proud to unveil our latest project - 24N Fitness in the City of London. Another BLK
BOX creation recently completed and now thriving with new members and state-of-the-art
facilities.
Charitable Social Enterprise Leisure and Cultural Services provider GLL has committed to become
Carbon Neutral by 2050 with an ambition to achieve this earlier in response to feedback from
customers and staff, and partners.
Private equity group Altor Fund III has signed an agreement to acquire ELIXIA, the Nordic health and fitness chain, from another private equity group Norvestor and its other owners.
ELIXIA currently operates 34 health clubs in Norway, 11 in Finland and two in Sweden. It has revenues of around NOK 900 million (over £100m).
"We see scope for substantial growth across the region," says Jaakko Kivinen, partner at Altor Equity Partners.
"ELIXIA has demonstrated a strong track record of profi table growth. We look forward to continuing to develop the business with Altor as the new owner," sayid Ståle Angel, CEO of ELIXIA.
Private equity group Altor Fund III has signed an agreement to acquire ELIXIA, the Nordic health and fitness chain, from another private equity group Norvestor and its other owners.
Life Fitness has reimagined cardio with the launch of its Symbio line which has been
designed with advanced biomechanics and offers deep levels of customisation
Weight loss drugs are altering consumer behaviour, disrupting sectors from food retailing (smaller portions) to apparel (less fabric needed). We need to move fast to align with this new reality
“Having now done some franchising, we realise that doing boutiques well requires detailed focus, blood, sweat and tears that can only be delivered by the homegrown team”
Disappointment about being
passed over for promotion
gave Neil Randall, the resilience
he needed to climb the ranks.
He talks to Kath Hudson about
the challenges he faced early
in his career and the skills
he learned from them
As the UK healthcare sector struggles with ever-increasing demand, health club operators are stepping in and offering members welcome medical support. Kath Hudson reports
The Maybourne Group has unveiled its all-new London
hotel The Emory. Megan Whitby goes behind the scenes
at Surrenne, its cutting-edge health and wellness club
Indoor bikes may remain stationary, but the discipline is in constant motion.
Innovators tell Steph Eaves how they’re keeping pace with the latest trends
Altrafit has taken further steps to cement its reputation as a provider of high-quality,
affordable functional fitness equipment that is built to last with the development and
introduction of a new functional fitness keg for luxury gym operator, Third Space.
In today's rapidly evolving fitness industry, where many online courses promise secret
formulas for entrepreneurial success, the reality is that few provide the necessary
knowledge to thrive in this fast-changing profession.
BLK BOX is proud to unveil our latest project - 24N Fitness in the City of London. Another BLK
BOX creation recently completed and now thriving with new members and state-of-the-art
facilities.
Charitable Social Enterprise Leisure and Cultural Services provider GLL has committed to become
Carbon Neutral by 2050 with an ambition to achieve this earlier in response to feedback from
customers and staff, and partners.