Brait: Virgin Active to buy Holmes Place Germany in €135 million deal
Brait said its unit Virgin Active will acquire German fitness club operator Holmes Place Germany in a deal valued at €135 million.
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what happened
South Africa-listed Brait plc (JSE: BAT) issued a voluntary announcement that Virgin Active will buy German fitness club operator Holmes Place Germany. The deal is valued at €135 million, implying an EV/EBITDA multiple of 6.3x.
The transaction will be paid for from Virgin Active's existing cash.
why it matters
The deal is small by broad market standards, so its effect on Brait's shares is likely limited. The 6.3x multiple shows how much is being paid relative to the target's operating earnings.
tags
instruments
sources
- Brait Says Virgin Active To Acquire Holmes Place Germany In Deal Valued At €135 Million — Reuters, 9 November 2026 at 09:37 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
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