$155MStrategic acquisitionConsumer & Retail
Virgin Active enters Germany with €135M Holmes Place Germany deal
Premium fitness group Virgin Active signed an unconditional agreement on Oct. 30 to acquire Holmes Place Germany for €135 million from a joint venture of Holmes Place Europe and funds controlled by AUCTUS Capital Partners, which have co-owned the business since 2016.
Why it matters: The purchase marks Virgin Active's entry into the German market with an established estate of large-format clubs.
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