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Quadrant cleared to buy Fitness First

AAP logoAAP 30/11/2016

Quadrant Private Equity has approval from Australia's consumer watchdog to acquire Fitness First, with the ACCC saying the move won't adversely affect competition in the fitness industry.

Quadrant in September announced it would add Fitness First's 60 clubs to its stable which includes 200-plus Jetts 24-hour gyms bought earlier that month and 77 Goodlife gyms, acquired from Ardent Leisure in August.

The Australian Competition and Consumer Commission deemed the three chains would continue to face enough competition from low-cost and specialist gyms.

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