Freshfields closes Fitness First sale

FRESHFIELDS Bruckhaus Deringer has advised private equity house Cinven on the sale of healthclub chain Fitness First for £835 m to BC Partners.

Dickson Minto, long standing advisers to BC Partners, stood opposite Freshfields in the deal.

It marks the completion of an investment cycle for Cinven, with Freshfields also advising Cinven on the purchase of Fitness First in 2003.

Freshfields corporate partner David Higgins led the team, assisted by corporate senior associate Craig Stevenson.