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« Negatives about working out, but alternatives, too | Main | This Week in the Fitness Industry 12-13-13 »
Monday
Dec162013

Private equity firm buys into Basic-Fit

A private equity firm has bought stake in Basic-Fit, one of Europe's largest discount fitness chains.

3i is the latest in a trend of investment firms buying into fitness chains.

"(3i) has demonstrated a deep understanding of the retail discount market through their investment in Action (the discount food retailer)," said Rene Moos, co-founder and chief executive of Basic-Fit. “I am looking forward to working with them to further accelerate our growth in the coming years.”

In its 10 years, Basic-Fit has grown from its start in the Netherlands to more than 200 locations in Belgium, France, Spain and the Netherlands.

For more, check out the story in Financial News.

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