Australia's Quadrant buys Goodlife Health Clubs for $198m
Quadrant Private Equity, which recently closed its eighth Australia mid-market fund at $980 million ($754 million), has agreed to buy Ardent Leisure’s Goodlife Health Clubs business for A$260 million.
The private equity firm will make a cash payment of A$230 million and issue a vendor note to Ardent, payable no later than two years from the date of completion, for the remaining A$30 million, according...
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