23 Feb 2017
+65 6222 6715
Head of Communications, Fitness First Asia
+603 6200 0801 (Ext 831)
Evolution Wellness Holdings Pte. Ltd. brings together two leading fitness brands – Celebrity Fitness and Fitness First – under one roof to create one of the largest fitness club networks in Asia. It combines the expertise of one of the most established brands, Fitness First, with one of the fastest-growing brands in the health and fitness industry, Celebrity Fitness. The combined entity will wholly-own, manage, and operate all 152 fitness clubs across Asia.
About Fitness First Asia
Fitness First is one of the largest fitness brands in the world and the largest in Southeast Asia. In Asia alone, there are 90 Fitness First clubs across Hong Kong, Indonesia, Malaysia, Philippines, Singapore, and Thailand. With over 222,000 members generating close to 15 million visits per year, Fitness First carries unparalleled brand equity across the region. With an unrivalled club network in the region, a unique range of proprietary group fitness classes/experiences, class-leading fitness app CustomFit, and a reputation for great customer service, Fitness First is well placed to build on its leadership position in the fast-growing Asian fitness market.
About Celebrity Fitness
Celebrity Fitness is the leading fitness club operator in Indonesia and Malaysia, with a presence in Singapore. It’s a widely recognised and respected lifestyle brand, offering members a unique and fun fitness experience. With over 178,000 members, Celebrity Fitness operates 62 clubs in the mid-premium segment in suburban and lifestyle malls. The philosophy is simple: every member – whom we affectionately refer to as our Celebrators – deserves to be treated like a celebrity, and we make fitness stars of our Celebrators by ensuring that everything from clubs service to our exclusive fitness programs are personalised, exciting, cutting-edge and fresh.
About Navis Capital Partners
Navis Capital Partners was founded in 1998 to make private equity investments in buyouts, recapitalisations and financial restructurings in Asia, with preference for investments in enterprises with a strong or developing presence in Southeast Asia, Australia and Hong Kong. Over the years, it has made over 70 controlling investments most of which have been completed with little reliance on acquisition finance. Navis Capital Partners contributes both capital and management expertise to its portfolio companies with the objective of directing strategic, operational and financial improvements. To date, it has one of the largest private equity professional teams in Asia, comprising over 60 individuals in 8 offices across the region, and manages several private and public equity funds totalling US$5 billion.
Oaktree is a leader among global investment managers specializing in alternative investments, with $101 billion in assets under management as of December 31, 2016. The firm emphasizes an opportunistic, value-oriented and risk-controlled approach to investments in distressed debt, corporate debt (including high yield debt and senior loans), control investing, convertible securities, real estate and listed equities. Headquartered in Los Angeles, the firm has over 900 employees and offices in 18 cities worldwide. For additional information, please visit Oaktree’s website at http://www.oaktreecapital.com/.