Login
Australian gym network acquired
Two firms have advised on the acquisition of one of Australia’s largest health club businesses by a private equity company.
Emma Musgrave
Firms: King & Wood Mallesons (Quadrant Private Equity); Gilbert + Tobin (Ardent Leisure’s health club business)
Value: $260 million
Area: M&A
Key players: The team advising Quadrant Private Equity was led by King & Wood Mallesons partner Mark McNamara, with assistance from special counsel Alex Elser and associates Josh Chalkley and Stephanie Daaboul.
Partner Yuen-Yee Cho advised on the debt aspects of the deal, with senior associate Will Stawell, solicitor Dan Flanagan and law graduate Chris Markenzinis, while partner Tim Sherman advised on the tax matters of this acquisition.
Deal significance: Quadrant Private Equity is a private equity firm which has made significant investments since its inception in 1996.
This latest acquisition of Ardent Leisure’s health club business will see brands such as Goodlife Health Clubs and Hypoxi fall under the firm’s banner.
“We are pleased to be able to support our long-standing client, Quadrant, on another important acquisition in Australia,” King & Wood Mallesons partner Mark McNamara said.
“Australia has seen strong growth in the lifestyle and leisure sectors and this acquisition is well-placed to leverage that growth.”
Emma Musgrave
Emma Musgrave (née Ryan) is the managing editor, professional services at Momentum Media.
Emma has worked for Momentum Media since 2015, including five years spent as the editor of the company's legal brand - Lawyers Weekly. Throughout her time at Momentum, she has been responsible for breaking some of the biggest stories in corporate Australia. In addition, she has produced exclusive multimedia and event content related to the company's respective brands and audiences.
Prior to joining Momentum Media, Emma worked in breakfast radio, delivering news to the Central West region of NSW, before taking on a radio journalist role at Southern Cross Austereo, based in Townsville, North Queensland.
She holds a Bachelor of Communications (Journalism) degree from Charles Sturt University.
Email Emma on:
