The partnership between CVC and Virgin will support the growth of Virgin Active in already developed as well as in new regional markets. To the successful launch of the new clubs will continue and in particular, building on the recent acquisition of Esporta, further acqusitions are specifically planned. The acquisition in July 2011 had added 53 fitness clubs (including 20 Racquet sport facilities) for portfolio of Virgin Active UK. As part of the agreement, Virgin Active will acquire another four Australian clubs, currently owned by Virgin to promote the expansion in the Asia - Pacific region.

Virgin Active is a leading fitness club operator with 254 clubs and 1.1 million members in the UK, South Africa, Italy, Spain, Portugal and Australia. Since its founding in 1999, Virgin Active had ongoing double-digit growth in revenues and earnings.

"We are pleased to expand with CVC and his management team the Virgin Active portfolio internationally," said Stephen Murphy, CEO of Virgin Group. "We will continue to strive to promote the expansion of the Group, and are incredibly excited about the many opportunities that the partnership will open up."

Source: Virgin Active Limited
Pictures: Virgin Active Limited