Franchise Equity Partners acquires Bravo Fit
The Planet Fitness franchisee operates 32 clubs across Australia and holds development rights for roughly 100 locations in five states and territories.
Takeaways
- Bravo Fit operates 32 Planet Fitness clubs in Australia.
- The company holds development rights for roughly 100 locations across five states and territories.
- Planet Fitness exited its minority ownership position in the transaction.
Franchise Equity Partners acquired Bravo Fit, the Australian Planet Fitness franchise operator, from existing shareholders including Planet Fitness, which exited its minority stake.
Bravo Fit operates 32 clubs and holds exclusive development rights for roughly 100 Planet Fitness locations across Victoria, New South Wales, South Australia, Queensland and the Australian Capital Territory.
The existing management team will continue to lead the business.
FEP plans to provide capital for additional club openings and investment in the member experience.
The acquisition is FEP's first investment in an Australian-headquartered business.
Terms were not disclosed.
Get Buyout Desk email updates.
Yesterday's platforms, add-ons, recaps, and exits, cleaned up on the site. Email updates are not on a fixed schedule.