Anytime Fitness Asia’s owner said to weigh US$400 million sale
It has started reaching out to prospective buyers, sources say
According to sources, the owner of Anytime Fitness Asia is contemplating the sale of the gym operator, with the deal potentially valued at up to US$400 million, including debt. Inspire Brands Asia, the entity that manages Anytime Fitness across eight Asian markets, is collaborating with an adviser on the proposed divestment. 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 on its website.
Inspire Brands Asia acquired the business in 2020 amid the Covid pandemic, and it is backed by prominent submaster franchisees in the region, as well as Exacta Capital Partners and Aura Group. The discussions regarding the potential sale are ongoing, with no guarantee that they will result in a transaction. Inspire Brands Asia has not commented on the matter, and Anytime Fitness Asia, Exacta, and Aura have also declined to provide any response to requests for comment.
Written by urgent.news from The Business Times - Companies & Markets's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
Also reported by 1 other outlet
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