PR84149

TOKYO, May 26, 2020/PRNewswire=KYODO JBN/--

Anytime Fitness Asia has been purchased by Inspire Brands Asia("IBA"), a

consortium of top submaster franchisees; lead investor Exacta Capital Partners;

and co-investor Aura Group. It includes the Master Franchisee license in

Singapore, Malaysia, Philippines, Indonesia, Thailand, Taiwan, Vietnam, Hong

Kong, and Macau, with 350+ locations sold and 250+ gyms opened. Their owned

gyms, and gym management businesses are included, which operate 30% of its gyms

in Asia. In the last four years, it had compound annual growth rates of 49% in

franchise sales and 55% in gym openings.

Luke Guanlao, IBA Group CEO and Anytime Fitness Asia COO summarizes, "I have

been with Anytime Fitness for 10 years+, and we are positioned strongly to take

advantage of opportunities as our gyms reopen and we navigate a new normal."

Johannes Raadsma, Chief Growth Officer, states, "Hong Kong's reopening shows

gym usage at pre-COVID-19 levels. With our track record in gym management, we

can support operators and investors in a profitable business that welcomes

people into a healthier lifestyle."

Kota Igarashi, CEO, Mizuho Asia Partners, investment advisor to Exacta Capital

Partners, says, "Anytime Fitness Asia set the standard in fitness in value for

franchisees and members. Its value proposition and model uniquely position it

to thrive post-COVID-19. We are proud to partner with a team that has the track

record and skillset to help franchisees and members achieve their goals."

Charles Wong, Aura Group Executive Director, agrees, "Completing the deal

involved assessing the brand's capacity to withstand closures, and a long-term

outlook on the industry. Anytime Fitness Asia is proven and capitalizes on its

smaller footprint in community locations and lower entry and maintenance cost,

which ensures gyms will reopen safely and grow post-COVID-19. The brand, the

model, and experience of our partners are why Aura is privileged to be part of

this landmark deal."

Says Chief Support Officer, Andrea Bell, "Engagement and profitability are

connected, and we have robust systems that ensure owner operators and investors

who use gym management services, see results with members, staff, and profits."

CEO Rey Bolivar, summarizes, "Our lives have changed, and we are prepared to

change along with it to support members, staff, and franchisees beyond the

crisis. We look forward to welcoming members as we reopen, and welcoming

opportunities as they come."

More:

https://docs.google.com/document/d/1Xz1Cphx1EguJ1CVWsyT_CguMUtEkwBa5tUVjgATKEew/edit?usp=sharing

Source-Anytime Fitness Asia