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Fitness First parent company Jetts Fitness separates from franchise division
International gym chain Jetts Fitness Global advised on management buyout from its parent company, Fitness & Lifestyle Group.
Keonia Swift
Firm: Holding Redlich (Jetts Fitness Global)
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Deal: Jetts Fitness Global has acquired the Jetts Fitness business from Fitness & Lifestyle Group (FLG) through a management buyout (MBO).
Value: Undisclosed
Area: Corporate; Health and fitness
Key players: The Holding Redlich’s merger and acquisition team advising Jetts Fitness was led by partner Alyn Tai, senior associate Cassie Taylor and lawyer Elly Randall.
Deal significance: Holding Redlich advised Jetts Fitness Global in a management buyout from parent company FLG. More than 125 gyms in Australia and franchise businesses in the United Kingdom and the Netherlands are included in the management buyout of Jetts Fitness Global.
Commenting on the deal, Jetts Fitness chief executive Elaine Jobson said: “Holding Redlich was a great support to me in the successful completion of our management buyout. We are now poised to begin a new chapter of growth, both domestic and international.”
