Anytime Fitness Asia’s owner said to be weighing $511 million sale
Inspire Brands Asia is working with an adviser on the planned divestment.
Anytime Fitness Asia's owner is reportedly considering selling the gym operator in a deal potentially worth up to US$400 million (S$511 million), including debt, according to sources familiar with the matter. Inspire Brands Asia, which oversees the business in eight Asian markets, is collaborating with an adviser on the proposed divestment, the sources disclosed.
The company operates over 600 clubs in Singapore, the Philippines, Hong Kong, Malaysia, Indonesia, Taiwan, Thailand, and Vietnam, with more than 150 company-owned locations, as per its website. Inspire Brands Asia acquired the business in 2020 amid the Covid-19 pandemic and is backed by prominent submaster franchisees, Exacta Capital Partners, and Aura Group.
Discussions regarding the potential sale are ongoing, and there is no assurance that they will culminate in a transaction, according to the sources. Inspire Brands Asia, Exacta, and Aura have not commented on the matter.
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