Natixis Partners Iberia advised Holmes Place and its shareholders, Bridgepoint and Permira, on the sale of 15 health clubs in Spain and Portugal (Holmes Place Iberia) to a consortium formed by Nmas1, Mercapital and Explorer Investments.
Holmes Place, active in the Iberian market since 1997, counts on a membership base of over 90,000 users in Spain and Portugal and employs more than 1,000 people. The buyout led by Nmás1, Mercapital and Explorer Investments will consolidate the company’s brand positioning. Holmes Place Iberia’s management team is participating in the MBO.
The disposal will enable Holmes Place to reduce its bank debt and put additional focus on continuing to improve its UK business. The Iberian business sold includes 15 premium health clubs operated under the “Holmes Place” and “Európolis” brands.