Transaction Details

July 19, 2021
London, Frankfurt

Sector

Consumer, Retail, E-commerce and Leisure

Deal Type

Debt advisory, Refinancing

Deal Team

Simon Chambers, Gareth Owen, Norbert Schmitz, Adrian Nowitzki, Emmanouil Stefanou

GCA Altium advises Aspria on an investment from Fortress Investment Group

GCA Altium has advised Aspria, a founder-led operator of award-winning, large-scale health focussed clubs and hotels across Europe, on a EUR 53m investment from Fortress Investment Group, a leading, highly diversified global investment manager with approximately USD 53 billion of assets under management.

Aspria, founded in 2000 and headquartered in London, UK, is a collection of Europe’s finest private members’ clubs in unique locations across Belgium, Italy and Germany. The exclusive clubs feature a wide range of sports, leisure, health, wellness, childcare and educational facilities, restaurants and hotel accommodation, and currently serve a member base of around 40,000.

Founded in 1998, Fortress manages assets on behalf of approximately 1,800 institutional clients and private investors worldwide across a range of credit and real estate, private equity and permanent capital investment strategies.

The investment will support Aspria’s continued strategy of serving its members’ wellbeing of mind, body and soul.

Brian Morris, Aspria’s Founder and CEO, commented: “The advice and guidance received from the team at GCA Altium has been invaluable in helping us to find the right funding partner to support the growth of our business. The health and wellbeing sector has never been more in the spotlight as people and economies recover from the impacts of Covid-19 and this investment positions us perfectly with a strong and exciting platform to take advantage of the significant opportunities in this market.”

Gareth Owen, Director Debt Advisory at GCA Altium, said: “The team at Aspria have built an exceptional business based on delivering a premium, customer-focussed experience. This focus on the customer has allowed the business to demonstrate resilience and flexibility in adapting to the impacts of the pandemic. We are delighted to have advised Aspria on this investment and wish Brian and the team the best of luck as they continue to build from here.”

The GCA Altium team on this transaction comprised members of the UK and German teams, underscoring our Europe-wide debt advisory offering.

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