Addleshaw Goddard advises Bridges Ventures on sale of majority position in The Gym Group
Addleshaw Goddard’s private equity team has advised Bridges Ventures on the sale of its majority position in The Gym Group to Phoenix Equity Partners.
Phoenix has acquired a majority stake in the business while Bridges, an investor in The Gym since 2007, will retain a 25 per cent minority shareholding, enabling its investors to continue to benefit from future growth in the business.
The team from Addleshaw Goddard was led by London private equity partner Mike Hinchliffe and included tax partner Elaine Gwilt and associates Marc Field and Zulon Begum.
News from Addleshaw Goddard
News from The Lawyer
Briefings from Addleshaw Goddard
Consultations released on implementation of energy efficiency regulation of the private rented sector
The Department for Energy & Climate Change has published the long-awaited consultation on implementing the provisions of the Energy Act 2011.
The Court of Appeal has overturned a High Court judge’s decision to add words to a non-compete restriction, which had originally offered the employer very little protection.
Analysis from The Lawyer
Could Slater & Gordon achieve its stated aim of becoming a top consumer brand by acquiring Pannone?
The past five years have not been easy for Addleshaw Goddard. The firm’s revenue fell 7 per cent from £173.1m to £161.9m between 2008/09 and 2010/11 and despite finances looking up in 2011/12, when Addleshaws reported a 30 per cent increase in net profit, it has shown no notable compound growth in turnover since 2007/08.