2014’s biggest investments: Gymbox £10m
Business Growth Fund backing for boutique gym chain
London-based boutique gym chain GYMBOX garnered a £10m growth capital investment from independent investment company The Business Growth Fund (BGF), which has a £2.5bn pot funded by the big banks for long-term equity investments. Founded in 2001 by Richard Hilton, the Gymbox’s design-led gyms have a “unique” approach to exercise including classes with live DJs. The backing will allow the chain to expand on its current five sites across London and the UK.
Read more about the deal here.