Énergie Fitness
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Britain’s biggest fitness club franchise is limbering up for an estimated £50 million sale after appointing financial advisers to help it to assess its options. Énergie Fitness, founded by Jan Spaticchia, the health and fitness sector entrepreneur, has hired Clearwater International and Canaccord Genuity to launch the search for a new financial partner.

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Mr Spaticchia, chairman and chief executive, launched the low-cost business in 2003. Today it has 101 clubs operated by franchisees, with 135,000 members and total sales of about £30 million. It is opening new clubs at the rate of 25 to 30 a year.

While most of its clubs are in Britain, it has fifteen in Ireland, one in Poland and one in Kenya and Mr Spaticchia said it was planning further expansion in east Africa and Australia. He said that the most likely outcome of the review was a sale to a private equity firm. He is the group’s biggest shareholder with just over 30 per cent and plans to retain a portion of his holding.

A combined stake of about 3 per cent is held by more than 200 shareholders who invested in the business two years ago as part of £500,000 fundraising on Crowdcube, a crowdfunding platform.

That fundraising put a value of £15 million on the company, and although neither Mr Spaticchia or his advisors would reveal the asking price, analysts suggested that it could fetch £40 million to £50 million. It is forecast to generate underlying earnings this year of at least £2.5 million.

Source: The Times

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