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CVC Buys 51% Virgin Active Stake

CVC Capital Partners has bought a 51% stake in Virgin Active in a deal that values the fitness chain at £900 million.

    CVC Capital Partnershas bought a 51% stake inVirgin Activein a deal that values the fitness chain at £900 million,金融时报》reports. Financial terms of the deal have not been disclosed.

    Richard Branson’sVirgin Groupwill continue to own a 49% stake in the 11-year-old company. The private equity group is financing the deal with around £450 million of equity, addsReuters.

    Click here for the story from金融时报》.

    Click here for additional coverage fromReuters.

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