London – October 28, 2016 – Cooley advised Gymbox on its £39 million investment from BGF and HSBC.
Gymbox is a London-based, cutting-edge gym chain famous for its eclectic exercise classes, bold advertising campaigns and award-winning interiors. BGF has invested an additional £13 million of equity finance, and HSBC has also supported the business with a £26 million debt package. BGF is an independent company with £2.5 billion under management to make long-term equity investments in small and medium-sized businesses.
Cooley private equity partner Stephen Rosen has advised Gymbox since its formation and has supported the management team throughout its impressive expansion from a single gym in Holborn in 2003 to its current 8 London-based clubs with more than 22,000 members.
“Stephen and the entire Cooley team were superb, and we could not have managed without their invaluable guidance throughout our journey as a company, and, in particular, on this transaction,” said Richard Hilton, Gymbox CEO and founder. “Cooley is the perfect fit for any entrepreneurial business seeking to match first class legal ability with the desires of an ambitious management team.”
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