17th Jul 2025 13:09
(Alliance News) - Shares in Gym Group PLC slipped on Thursday when Blantyre Capital announced it will sell its stake in the London-based gym operator.
London-based Blantyre invests in middle-market companies with "time-sensitive and complex capital needs". Blantyre Special Situations Fund I has a 5.0% stake in the London-based gym operator, as of June 4, but on Thursday, said it will dispose of its shareholding.
The sale is being carried out through a secondary block trade to institutional investors, and the Gym Group receives no proceeds, Blantyre Special noted. Pricing and allocation will be determined once bookbuilding has closed.
Gym Group shares were down 3.0% to 149.60 pence following the news on Thursday afternoon in London, giving it a market capitalisation of GBP268.3 million. Earlier on Thursday, the stock hit a low of 140.00p, though it remains up 10% over the past 12 months.
This comes shortly after Gym Group hailed a successful first-half, with revenue and membership numbers rising in the first six months of 2025. Half-year revenue increased to GBP121.0 million, 7% higher than GBP112.1 million in 2024, while the average number of members climbed 7.9% to 953,000 from 914,000.
However, the gym operator noted that the cost of new openings and refurbishments was expected to be second-half weighted. The company's net debt was GBP51.2 million at June 30, reduced from GBP54.6 million on-year, but is forecast to trend back towards the GBP61.3 million level posted at December 31.
By Holly Munks, Alliance News reporter
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