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Bridgepoint, Permira to sell Holmes Place’s UK business to Virgin Active

5 Sep 2006

Health and fitness group Virgin Active has agreed to acquire a majority stake in Holmes Place's UK business, comprised of 47 clubs in the UK with 190,000 members. Bridgepoint and Permira have agreed to reinvest by taking a minority stake in Virgin Active. The transaction values the enlarged group at £650m.

 

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