The Gym

Low-cost gyms
Date Invested
June 2013

At a glance

gyms at exit
members at exit
gyms opened during our partnership

The Gym is a leading operator of low-cost gyms. The Gym’s 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. At the time of our exit, The Gym had over 400,000 members and nearly 90 sites in the UK.

Our partnership

Phoenix and CEO John Trehane worked together to accelerate the roll-out of new gyms in high quality locations. The rate of new site openings was doubled. To take the business forward, John and Phoenix also built a larger and highly experienced management team.

By December 2015, The Gym’s site and member numbers, and EBITDA, had approximately doubled. The business achieved a successful IPO in November 2015 – the first flotation of a gym company on the London Stock Exchange for more than 15 years.

"Phoenix were a really good strategic partner for The Gym and enabled us to expand very rapidly.”

John Trehane, CEO of The Gym Group