Fitness First is leaving the stock market after accepting a £204m management buy-out backed by Cinven.
Cinven will give the 346-strong chain of fitness clubs up to £50m to fund expansion.
The chain is expected to open 40 more clubs in the coming year compared with more than 100 last year. The amount of expansion in the UK is not specified.
Bridgepoint is expected to announced a takeover of Holmes Place within weeks,
References: Financial Times 11/04/03 page 24, The Times 11/04/03 page 31, The Daily Telegraph 11/04/03 page 36, The Independent 11/04/03 page 21, The Guardian 11/04/03 page 21
