KKR looks to bid in $800 mln-plus auction of Britain's Pure Gym - Sky News
Sept 21 (Reuters) - U.S. private equity investment firm KKR & Co LP is going to bid in a 600 million-pound-plus ($800 million) auction of Britain's largest chain of health and fitness clubs, Pure Gym (IPO-PGYM.L), according to Sky News.
The fund operator KKR is among a group of financial investors that are set to make offers for the fitness chain ahead of a deadline on Thursday, Sky News said. (http://bit.ly/2flu2Qu)
Pure Gym's sale comes over a year after it announced, and later cancelled a 190 million-pound initial public offer of shares due to "challenging IPO market conditions".
The chain's major shareholder CCMP Capital Advisors has controlled the chain since 2013 and overseen a period of growth and expansion. ($1 = 0.7412 pounds) (Reporting by Sanjeeban Sarkar in Bengaluru; Editing by Greg Mahlich)
