The budget fitness franchise group is positioning to deliver an aggressive roll-out of its concept in the UK and has appointed Clearwater International and Canaccord Genuity as financial advisers to assist it with a strategic review as it looks to select a new financial partner.
Jan Spaticchia, chairman, CEO and co-founder of énergie, says: “After refining the brand and business model over several years, we believe now is the right time to aggressively accelerate our growth plan.”
Founded in 2003, énergie has 106 clubs open and in presale in the UK. It grants between 30 and 40 new franchises every year and has 26 clubs scheduled for opening in 2018.
It’s anticipated that a new financial partner will provide liquidity for legacy shareholders who are currently invested in the business, while also providing growth capital.
The énergie management team are expected to remain shareholders in the company.
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