NBC Capital reaps 20% IRR from Fenix Fitness
When it comes to assisting the growth of their portfolio companies, some PE firms are more hands-on than others. At the more pro-active end of the scale sit the likes of NBC Capital, which during its four-and-a-half-year ownership of local health club chain Fenix Fitness, held daily discussions with the company’s CEO and CFO.
It also met with management on a weekly basis. This week, Brisbane-based NBC announced that it had exited its investment, having agreed the sale of Fenix to Goodlife Health Clubs - owned by ASX-listed...
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