One of the world’s largest gym operators is on the market – and is not overlooking potential interest from deep-pocketed Australian private equity.
Snap Fitness was founded by Peter Taunton in 2003. Its parent, Lift Brands, is run by London-based Australian businessman Ty Menzies. Sources said Menzies was in town last week speaking to prospective buyers – private equity and strategic – in advance of a sale process being kicked off by advisory boutique Record Point this week.
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Sarah Thompson has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories. Prior to that, she spent 10 years in London as a markets and M&A reporter at Bloomberg and Dow Jones. Email Sarah at sarah.thompson@afr.com
Emma Rapaport is a co-editor of the Street Talk column. Prior to that, she was a markets reporter at The Australian Financial Review. Connect with Emma on Twitter. Email Emma at emma.rapaport@afr.com
