The Gym

Low-cost gyms    |    www.thegymgroup.com

 

Date Invested

June 2013

STATUS

Realised

SECTOR

LOCATION

UK

CONTACT

David Burns

The Gym is a leading operator of low-cost gyms, with over 400,000 members and more than 80 sites in the UK. Led by CEO John Treharne, The Gym is a truly disruptive business. Its flexible, affordable proposition (which includes a low monthly price point, no membership contract and 24/7 opening) has helped attract an entirely new demographic of gym users. Phoenix invested in The Gym in June 2013.

our partnership

Over the period of Phoenix's investment there was a strong focus on accelerating the roll-out of new gyms in high quality locations, and the rate of new site openings was doubled. To take the business forwards, John and Phoenix built a larger and highly experienced management team. By 31st December 2015, The Gym’s site and member numbers, and EBITDA, had approximately doubled. The business achieved a successful IPO in December 2016; the first flotation of a gym company on the London Stock Exchange for more than 15 years.

"Phoenix have been a really good strategic partner for the Gym group and have enabled us to expand very rapidly.”

John Trehane, CEO of The Gym Group