Anytime Fitness Asia has been purchased by Inspire Brands Asia("IBA"), a 
consortium of top submaster franchisees; lead investor Exacta Capital Partners; 
and co-investor Aura Group. It includes the Master Franchisee license in 
Singapore, Malaysia, Philippines, Indonesia, Thailand, Taiwan, Vietnam, Hong 
Kong, and Macau, with 350+ locations sold and 250+ gyms opened. Their owned 
gyms, and gym management businesses are included, which operate 30% of its gyms 
in Asia. In the last four years, it had compound annual growth rates of 49% in 
franchise sales and 55% in gym openings. 

Luke Guanlao, IBA Group CEO and Anytime Fitness Asia COO summarizes, "I have 
been with Anytime Fitness for 10 years+, and we are positioned strongly to take 
advantage of opportunities as our gyms reopen and we navigate a new normal."

Johannes Raadsma, Chief Growth Officer, states, "Hong Kong's reopening shows 
gym usage at pre-COVID-19 levels. With our track record in gym management, we 
can support operators and investors in a profitable business that welcomes 
people into a healthier lifestyle."

Kota Igarashi, CEO, Mizuho Asia Partners, investment advisor to Exacta Capital 
Partners, says, "Anytime Fitness Asia set the standard in fitness in value for 
franchisees and members. Its value proposition and model uniquely position it 
to thrive post-COVID-19. We are proud to partner with a team that has the track 
record and skillset to help franchisees and members achieve their goals."

Charles Wong, Aura Group Executive Director, agrees, "Completing the deal 
involved assessing the brand's capacity to withstand closures, and a long-term 
outlook on the industry. Anytime Fitness Asia is proven and capitalizes on its 
smaller footprint in community locations and lower entry and maintenance cost, 
which ensures gyms will reopen safely and grow post-COVID-19. The brand, the 
model, and experience of our partners are why Aura is privileged to be part of 
this landmark deal."

Says Chief Support Officer, Andrea Bell, "Engagement and profitability are 
connected, and we have robust systems that ensure owner operators and investors 
who use gym management services, see results with members, staff, and profits."

CEO Rey Bolivar, summarizes, "Our lives have changed, and we are prepared to 
change along with it to support members, staff, and franchisees beyond the 
crisis. We look forward to welcoming members as we reopen, and welcoming 
opportunities as they come."

More: 
https://docs.google.com/document/d/1Xz1Cphx1EguJ1CVWsyT_CguMUtEkwBa5tUVjgATKEew/edit?usp=sharing


Source-Anytime Fitness Asia