SYDNEY: Viva Leisure Limited (ASX: VVA) has announced a strategic acquisition of a 25% equity stake in World Gym Australia (WGA) along with three corporate locations in Queensland. Valued at approximately $16.7 million, this acquisition marks a major milestone as the second-largest in Viva’s history. It is fully funded through existing cash reserves, banking facilities,…
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Viva Leisure acquires Rebalance Pilates & Yoga studios
SYDNEY, AUSTRALIA: Viva Leisure Limited has completed the acquisition of eight Rebalance Pilates & Yoga studios and the Master Franchisor of the business. Rebalance Pilates & Yoga started as one studio in 2013 and quickly grew to 11 locations under a franchise arrangement. Viva Leisure has acquired eight of the locations with the remaining three…
Viva Leisure to acquire six Pinnacle Health Clubs in Victoria
SYDNEY: Viva Leisure Limited, a leading, technology-focused Australian health club owner, has executed a binding business sale agreement for six Pinnacle health clubs for consideration of between $6.05 million and $6.25 million depending on various completion conditions. A minimum of 6,500 members are to be acquired. The Acquisition strengthens Viva Leisure’s presence in Victoria from…
Viva acquires further two Healthworks locations in Queensland
QUEENSLAND: Viva Leisure Limited, a leading technology-focused Australian health club owner, has executed a binding sale and purchase agreement for two Healthworks Fitness Centres in Cleveland and Victoria Point, Queensland. The acquisition sees Viva Leisure expand its presence in the Queensland market and comes less than a month after Viva Leisure announced its previous acquisition…