Bridges Ventures Seeks to Sell U.K. Gym Chain, Independent Says
Bridges Ventures Ltd., a U.K. private equity fund, is preparing to sell fitness centre chain The Gym Group for more than 100 million pounds ($154 million), the Independent on Sunday reported, without saying where it got the information.
Corporate adviser McQueen Ltd is in the very early stages of reviewing the business and looking for a buyer for the chain of 23 gyms, with a deal not expected until 2013, according to the newspaper.
To contact the reporter on this story: Michelle Wiese Bockmann in London at email@example.com
To contact the editor responsible for this story: Alaric Nightingale at firstname.lastname@example.org
Bloomberg moderates all comments. Comments that are abusive or off-topic will not be posted to the site. Excessively long comments may be moderated as well. Bloomberg cannot facilitate requests to remove comments or explain individual moderation decisions.