Brait £682 million acquisition of Virgin Active

Value:

£ 682 million

Dollar value:

$ 826.935 million

Status:

Completed

Date:

16/4/2015

Overview:

Brait has acquired 80% of Virgin Active from Virgin Group and CVC for £682 million.
Virgin Active is a health club operator with over 1.3 million members.
The deal was followed by Brait's acquisition of another UK business in the form of New Look.

Sam Duke - Editor

Jurisdictions:

South Africa
United Kingdom
Channel Islands: Jersey

Deal type:

Public acquisition

Practice area:

M&A

Industry sector:

Consumer goods and services

Firms:

Allen & Overy

Party: Virgin Active (Target, Management)

Linklaters

Party: Brait (Acquirer)

Lawyer: Alex Woodward

Mourant Ozannes

Party: CVC Capital Partners (Seller)

Lawyer: James Hill

Slaughter and May

Party: Virgin Group (Seller)

Party: CVC Capital Partners (Seller)

Lawyer: Mark Zerdin

Related deals

Uber $1.1 billion acquisition of Drizly
CVC Capital Partners $1.5 billion acquisition of Shiseido personal care business
UDP acquisition of 33.4% stake in Ocean Plaza shopping centre
Steadview Capital Mauritius $13.5 million acquisition of minority stake in FSN E-Commerce Ventures
SIA Riga Retail Park acquisition for Saga shopping centre development

Brait £682 million acquisition of Virgin Active

16/4/2015

Public acquisition

Overview:

Jurisdictions:

Deal type:

Practice area:

Industry sector:

Firms:

Related deals

Uber $1.1 billion acquisition of Drizly

CVC Capital Partners $1.5 billion acquisition of Shiseido personal care business

UDP acquisition of 33.4% stake in Ocean Plaza shopping centre

Steadview Capital Mauritius $13.5 million acquisition of minority stake in FSN E-Commerce Ventures

SIA Riga Retail Park acquisition for Saga shopping centre development

Sign In

New to IFLR1000?

Sign In

Sign In and subscribe

This section is only available to full subscribers

Already a full subscriber?

Subscribe

This section is only available to full subscribers