Fitness Giants to Be Sold in Australia
Major Fitness Brands in Australia Set for Auction Fitness First Australia and Jetts Fitness, two of the most well-known names in the Australian fitness industry, are reportedly set to be put up for sale. The owner of these brands, Quadrant Private Equity, is preparing to launch a formal auction for its broader Fitness & Lifestyle Group early next year. This move comes as part of a strategic decision to divest from the sector, according to reports. JPMorgan has been appointed as the financial advisor for this process, overseeing a two-stage sale that will cover the entire portfolio of six brands under the Fitness & Lifestyle Group. The group is considered one of the largest corporate-owned gym operators in the Asia-Pacific region, with a presence across 330 locations in Australia, New Zealand, Thailand, and Singapore. Quadrant has held ownership of the Fitness & Lifestyle Group since 2016, during which time it has expanded the company’s footprint significantly. Alongside ...