Deals
Hong Kong Gym Chain Pure Group Seeking Funds for China Growth
- Owner FountainVest working with BDA Partners on options
- Loans, convertible bonds or equity sale under consideration
A Pure Group gym at Repulse Bay beach in Hong Kong.
Photographer: Roy Liu/BloombergThis article is for subscribers only.
Hong Kong gym chain Pure Group is seeking to raise about $100 million to help fund its expansion in mainland China, people with knowledge of the matter said.
FountainVest Partners, the private equity owner of the fitness group, is working with boutique investment bank BDA Partners on funding options, said the people who asked not to be identified as the information is private. Loans, convertible bonds and share sales are in the mix under consideration, the people said.