In October 2011, CVC acquired a controlling stake in Virgin Active, alongside Virgin Group and management.
Virgin Active is the world's leading health club operator with 254 clubs and 1.1 million members across South Africa, Italy, UK, Iberia and Australia. Founded in 1999, Virgin Active has reported 11 years of consecutive double digit revenue and profit growth, demonstrating the strength of its business model and strategy.
The partnership between CVC and Virgin will support Virgin Active's growth in both existing and new geographies. This will be delivered by the continuation of a successful club rollout programme and further targeted acquisitions, building upon the recent acquisition of Esporta in July 2011, which added 53 health and fitness clubs (including 20 racquets clubs) to the Virgin Active UK portfolio. As part of CVC's investment, Virgin Active will also acquire four Australian clubs, to mark its first expansion into the Asia-Pacific region.