see all jobs
Club Company refinances to boost expansion plans
Health and country club operator Club Company has completed a £85.5m refinancing of the business after securing a deal with Anglo Irish Bank.
The move is part of the company’s strategy to expand its portfolio of clubs and comes after the firm completed a de-merger of its property and operating interests.
A spokesperson for the company told Leisure Opportunities that the participation reflects the true value of the company and “consequently enabled the business to refinance based on the recent valuation.”
“We refinanced for three reasons – the make funds available to look at potential acquisitions, invest in the existing portfolio and return money to shareholders through share buy back,” he added.
Private Investment firm Boundary acquired the Club Company from Legal & General Ventures for £96m in June 2006 – just over two years after it acquired it for £57m in a public-to-private transaction.
It currently operates 12 country clubs across the UK, each with extensive health and fitness facilities.
More News
- News by sector (all)
- All news
- Fitness
- Personal trainer
- Sport
- Spa
- Swimming
- Hospitality
- Entertainment & Gaming
- Commercial Leisure
- Property
- Architecture
- Design
- Tourism
- Travel
- Attractions
- Theme & Water Parks
- Arts & Culture
- Heritage & Museums
- Parks & Countryside
- Sales & Marketing
- Public Sector
- Training
- People
- Executive
- Apprenticeships
- Suppliers