Nutrition Capital Network news: 24 Hour Fitness Sells Asia Business

Nutrition Capital Network facilitates financing and asset sales for growing companies and introduces investors to the next generation of successful brands & technology in the nutrition and health & wellness industries. Below is news from August.


24 Hour Fitness (San Ramon, Calif.) has sold its California Fitness clubs, located throughout Asia, to The Ansa Group, including 18 clubs in Hong Kong, Singapore and China. Financial terms were not disclosed. California Fitness was acquired by 24 Hour Fitness in 1999. The sale will enable 24 Hour Fitness to focus on U.S. operations, the company stated. Forstmann Little & Co. acquired 24 Hour Fitness in 2005 in a $1.6 billion leveraged buyout. During this period, 24 Hour Fitness’ membership has grown from 2.8 million to nearly 4 million at more than 400 clubs nationwide. 24 Hour Fitness also operates a nutritional supplement company, Apex Fitness Group.

Disclaimer: NCN does not warrant the accuracy, reliability, or timeliness of any NCN news item. Before relying on any NCN News item the information should be independently verified.


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