Good morning, Nina Lindholm here with the Europe Wire from the London newsroom.
We kick this morning off by delving into the trends making the fitness and wellness segment an interesting playground for private equity. We hear from André Pichler, managing director and co-head of corporate finance, Italy at Houlihan Lokey, and we revisit our recent coverage on the sector.
We finish with a double acquisition by IK Partners’ portfolio company Plastiflex Group.
Keeping fit
Fragmentation, non-discretionary consumer spending and tech advancements have poised the fitness and wellness segment for a wave of consolidation, André Pichler, managing director and co-head of corporate finance, Italy at Houlihan Lokey, told PE Hub.
To read why Pichler predicts enhanced customer experiences and AI to play a role in the segment's growth, check out the premium Wire here.
Double deal
Let’s shift from keeping fit to healthcare. IK Partners portfolio company Plastiflex Group has acquired Smooth-Bor Plastics and TIK.
To learn Plastiflex's expected sales and EBITDA figures, take a look at the full Wire coverage here.
That’s all from me. Michael Schoeck will write to you later with the US edition, while Irien Joseph is on Europe duty tomorrow morning.
Cheers,
Nina
Read the full Wire commentary on PE Hub ...
