Pure Gym Limited acquired LA Fitness Limited from Barclays PLC, Crédit Agricole Atlantique Vendée, Candlewick Asset Management, Royal Bank of Scotland Group plc and others for £80 million on May 28, 2015. The consortium of banks was led by Royal Bank of Scotland. The businesses will be operated separately till LA Fitness sites are converted into Pure Gym gyms in a managed transition which is subject to regulatory approval. The transaction is subject to approval from Competition and Markets Authority. Global Leisure Partners LLP acted as financial advisor and Simon Pritchard, Verity Doyle and Josh Buckland of Linklaters LLP acted as legal advisor to Pure Gym. Canaccord Genuity, Inc. acted as financial advisor while Bruce Hanton, Neil Cunnighame and Jacob Gold of Ashurst LLP acted as legal advisor to LA Fitness. Robert Morgan and Ben Ullmann of Stockwell Communications, LLP acted as public relations advisors to Pure Gym. Patrick Meades of PricewaterhouseCoopers International Limited acted as accountant for consortium of banks, led by Royal Bank of Scotland Group plc. Rob Whitworth, Jim Learner, Andrej Wolf, Neel Sachdev and Susannah Amini of Kirkland & Ellis International LLP acted as legal advisor for Pure Gym Limited. Canaccord Genuity Inc. acted as financial advisor to Barclays PLC, Crédit Agricole Atlantique Vendée, Candlewick Asset Management and Royal Bank of Scotland Group plc.

Pure Gym Limited completed the acquisition of LA Fitness Limited from a consortium of banks, led by Royal Bank of Scotland Group plc on May 28, 2015.