Directors Deals 

No sweat for Gym Group non-exec

No sweat for Gym Group non-exec

It’s been ‘all go’ at The Gym Group since we covered the half-year figures in August. The no-frills fitness chain subsequently struck a deal to acquire 18 gyms from Lifestyle Fitness for a total cash consideration of £20.5m. The purchase price looks in line with standard industry multiples given the sites generated cash profits of £3.45m in 2016, on revenue of £11.1m, and represent a net book value of £19.2m.

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