Quadrant continues roll-up strategy with Fitness First acquisition
Quadrant Private Equity has announced its third fitness club acquisition in Australia, with an agreement to buy market leader Fitness First from Oaktree Capital Management.
Oaktree has owned the global Fitness First business since 2012 when it and fellow creditor Marathon Asset Management completed a debt-for-equity swap worth around GBP565 million ($733 million). They assumed...
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