Heavy Lifting
Pure Fantasy in Hong Kong
Private equity is interested in Hong Kong's gym to the elite, but fitness studios are a tricky business.
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Owners of The Pure Group are throwing in the towel.
Buyout firm Leonard Green & Partners and businessman Bruce Rockowitz are looking to sell their controlling stakes in Hong Kong's elite chain of gyms, and Chinese private equity firms might be interested, Bloomberg News reported Tuesday, citing people familiar with the matter.