Kirkland Helps PE Firm CCMP Acquire Budget Gym Chain

Law360, New York (May 6, 2013, 7:09 PM EDT) -- CCMP Capital Advisors LLC has agreed to buy Pure Gym Ltd. as the U.K.-based chain pushes to nearly double its number of gyms in the region in the next year, the private equity firm said Saturday.

CCMP, which did not disclose the terms of the sale, said it expects the deal to close by the end of the second quarter of 2013. Under the agreement, CCMP's affiliates will buy Pure Gym, a budget chain founded in 2008, which offers membership rates as low as £10.99 a...
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