NRG Gyms secures £4m investment from Puma VCTs to boost expansion
Deal News | Jan 16, 2025 | Puma Investment Management Limited
Puma Investment Management Limited has facilitated an investment of £4 million from Puma VCT 13 and Puma Alpha VCT into NRG Gyms, a UK-based gym group founded by Shafiq Ahmed. NRG Gyms has been recognized for its commendable customer service and value-driven offerings. With over 30,000 members in cities such as London, Manchester, Newcastle, and Sheffield, NRG Gyms plans to utilize the funding to expand its geographical footprint and enhance its technological infrastructure. This move aligns with the projected growth in the UK fitness market, expected to reach a value of approximately £2.8 billion by 2025. NRG aims to leverage data analytics to enhance member experience while scaling operations through a robust technological backbone. Additionally, the company has fortified its management by appointing Neil Greenhalgh as a Non-Executive Director. Greenhalgh brings extensive expertise from his tenure at JD Sports, where he was pivotal in strategic growth and acquisitions, including the Xercise4Less gym chain.
Sectors
- Fitness and Health Industry
- Private Equity and Venture Capital
Geography
- United Kingdom – The operations and expansion of NRG Gyms are focused within the UK, as mentioned in the article.
Industry
- Fitness and Health Industry – This classification is relevant because the article discusses NRG Gyms, a company in the fitness sector, expanding its operations and attracting investment.
- Private Equity and Venture Capital – The article involves PE-backed investments by Puma VCT 13 and Puma Alpha VCT into NRG Gyms.
Financials
- £4 million – Total investment amount by Puma VCTs into NRG Gyms.
- £2.8 billion – Projected value of the UK fitness market by 2025.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Puma Investment Management Limited | Investor | Company | A private equity and investment management firm facilitating the investment into NRG Gyms. |
| NRG Gyms | Target Company | Company | A UK-based gym group receiving £4m investment for expansion. |
| Puma VCT 13 | Investor | Company | A Venture Capital Trust involved in funding NRG Gyms. |
| Puma Alpha VCT | Investor | Company | A Venture Capital Trust involved in funding NRG Gyms. |
| Shafiq Ahmed | Founder | Person | Founder of NRG Gyms. |
| Neil Greenhalgh | Non-Executive Director | Person | Appointed to the Board of NRG Gyms; former Chief Financial Officer of JD Sports. |