September 21, 2017 / 10:59 AM / a year ago

KKR looks to bid in $800 mln-plus auction of Britain's Pure Gym - Sky News

Sept 21 (Reuters) - U.S. private equity investment firm KKR & Co LP is going to bid in a 600 million-pound-plus ($800 million) auction of Britain's largest chain of health and fitness clubs, Pure Gym IPO-PGYM.L, according to Sky News.

The fund operator KKR is among a group of financial investors that are set to make offers for the fitness chain ahead of a deadline on Thursday, Sky News said. (

Pure Gym's sale comes over a year after it announced, and later cancelled a 190 million-pound initial public offer of shares due to "challenging IPO market conditions".

The chain's major shareholder CCMP Capital Advisors has controlled the chain since 2013 and overseen a period of growth and expansion. ($1 = 0.7412 pounds) (Reporting by Sanjeeban Sarkar in Bengaluru; Editing by Greg Mahlich)

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