Pure Gym appoints Hawkpoint to review business
A chain of low-cost gyms backed by Tom Singh, the founder of fashion retailer New Look, has hired the corporate adviser Hawkpoint to review the business. The move is expected to lead to a sale.
Yorkshire-based Pure Gym recently raised £15m from Barclays to grow the business to 45 sites by the end of this year. This followed a £10m injection in 2010 by the private equity group Magenta Partners, whose main investor is Mr Singh.
Pure Gym, which charges £17.99 a month, is aimed at people who want to stay in shape but avoid the often costly membership fees of rival gym groups. Mr Singh founded New Look 43 years ago.
- 1 Scottish referendum: So how about the English now being given a chance to split from England?
- 2 Friends 20th anniversary: Alison Jackson photographs reunited cast
- 5 Free U2 album: How the most generous giveaway in music history turned into a PR disaster
Scottish independence referendum: A nation divided against itself
Scottish referendum results: Cross-party consensus collapses amid Tory-Labour spat on the 'English question'
Scottish independence: David Cameron is becoming the 'George Bush of Britain'
Russia freezes Ukraine into submission: Kiev admits country doesn't have enough fuel for winter
Archbishop of Canterbury admits doubts about existence of God
Portuguese academic says British are 'filthy, violent and drunk'
iJobs Money & Business
£400 - £450 Per Day: Clearwater People Solutions Ltd: **URGENT CONTRACT ROLE**...
Up to £100k or £450p/d: Saxton Leigh: My client is a leading commodities tradi...
£320 - £330 per day: Ashdown Group: The Ashdown Group have been engaged by a l...
To £75,000 + Pension + Benefits + Bonus: Saxton Leigh: My client is looking f...