Gym Group (GYM) is sprinting ahead with its plans to operate 200 locations by 2020. It’s bought 13 sites from easyGym for an initial £20.6m, and will pay an additional £4.1m once lease extensions are agreed on two sites. The deal will mainly be funded by a £24m share placing, and the group will also take out an additional £10m of debt. This will bring the net debt /cash profit ratio to 1.2 times, compared with 1.34 times at the full year. Eight of the sites are in London, which will improve the group’s geographical mix.