The International Health, Racquet & Sportsclub Association is the fitness industry's only global trade association representing over 10,000 for profit health and fitness facilities and over 600 supplier companies in 75 countries.



From educational tools and events to promotional programs and public policy initiatives, IHRSA brings you success... by association!

Join | Renew
Pledge Your Support

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

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.

Reader Comments

There are no comments for this journal entry. To create a new comment, use the form below.

PostPost a New Comment

Enter your information below to add a new comment.

My response is on my own website »
Author Email (optional):
Author URL (optional):
All HTML will be escaped. Hyperlinks will be created for URLs automatically.