PRINT THIS PAGE CVC, BC Partners, Blackstone, Macquarie reportedly reach last round in Fitness First auction15/09/2005. Source: AltAssets. 
 CVC, BC Partners, Blackstone and Macquarie have reportedly reached the last round in the auction of Fitness First, according to the Financial Times.
The health club operator, currently owned by Cinven, is valued at more than £800m.
Fitness First, founded in 1993, has 400 health clubs across 15 countries. The business started when entrepreneurs Mike Balfour and Christopher Pearce opened their first health club in Bournemouth, UK.
Three years later the business floated on the Alternative Investment Market, which provided the funds to roll out a chain of health clubs. Cinven acquired the business in 2003.
Other recent transactions in this sector include MidOcean Partners' acquisition of LA Fitness, the UK health and fitness chain with 67 clubs located throughout the UK, for a reported £150m; and the acquisition of Holmes Place's Iberian business, comprised of 15 health and fitness clubs in Spain and Portugal, by a consortium of Iberian private equity investors including Nmas1, Mercapital and Explorer Investments in a €110m transaction.
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