Aura Private Equity has completed a A$9 million partial secondary sale of LP interests in Aura Franchise Opportunity Fund 2, targeting the growing fitness sector through Inspire Brands Asia.

Information on the Target

Aura Private Equity has successfully executed a partial secondary sale of Limited Partnership interests valued at A$9 million in the Aura Franchise Opportunity Fund 2 Pte. Ltd. This fund was specifically established to invest in Inspire Brands Asia Pte. Ltd. (IBA), the parent company of the Anytime Fitness and SUMHIIT Fitness brands across multiple markets, including the Philippines, Malaysia, Singapore, Hong Kong, Indonesia, Thailand, Taiwan, and Vietnam. Importantly, this transaction does not alter Aura Private Equity's direct stake in IBA.

IBA was formed in 2020 with the intention of acquiring the Master Franchisee license for the globally renowned gym franchise, Anytime Fitness, in the Asian landscape. Currently, IBA operates the largest fitness gym network in Southeast Asia, Hong Kong, and Taiwan, boasting 487 clubs and over 400,000 members. Additionally, in 2023, IBA has broadened its offerings to include the swiftly growing fitness brand, SUMHIIT Fitness, which focuses on high-intensity interval training and complements its existing services.

Industry Overview in the Target’s Specific Country

The health and fitness industry in Southeast Asia is witnessing exponential growth, spurred by an increasing awareness of health and wellness among consumers. Market penetration remains relatively low with average gy