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BGF invests into GYMBOX
Business Growth Fund (“BGF”) invested £10m of growth capital into GYMBOX, the London based five club boutique gym chain. GYMBOX offers a unique and differentiated concept focused around programing,
culture and soul. The business has received media and celebrity attention with clientele including Orlando Bloom and Kate Moss. Following the BGF investment, GYMBOX has the funding to open several more gyms.
Richard Hilton, Managing Director of GYMBOX said:
“This is an exciting announcement for us and we are delighted to be working with BGF as we look to the next stage of our growth. The GYMBOX brand has gone from strength to strength in recent years based on our contemporary club designs, exciting and original classes and our ability to offer customers new and unique ways of keeping fit. We look forward to opening new sites this year and next and introducing the GYMBOX concept to a wider in audience in London and other UK cities.”
Alistair Brew, Investment Director for BGF commented:
“We saw this as a fantastic opportunity to back an ambitious and proven management team in the roll-out of a successful and differentiated gym business which has had impressive success to date. Richard is a driven and committed entrepreneur whose track record of site selection, which is key in roll-out programmes of any nature, has been outstanding. The business has consistently hit its financial targets and we are delighted to be partnering at this stage of GYMBOX’s exciting development.”
Global Leisure Partners acted as market adviser to BGF.
|Global Leisure Partners LLP
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Global Leisure Partners LLP ("GLP") is authorised and regulated in the UK by the Financial Conduct Authority. Global Leisure Partners LLC, a subsidiary of GLP, is a
broker-dealer registered in the US with the Securities and Exchange Commission and is a FINRA member firm. Global Leisure Capital Partners LLC ("GLCP"), a wholly-owned subsidiary of GLP, is the principal investment arm of GLP. ©2014 GLP. All rights reserved. GLP specifically prohibits the redistribution of this material and accepts
no liability whatsoever for the actions of third parties in this respect.
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