South African private equity firm Brait acquired an 80% stake in this health club operator in 2015 from CVC Capital Partners, with Sir Richard Branson’s Virgin Group cutting its stake to 20% in a deal that valued Virgin Active at £1.3bn. It now has more than 240 clubs in eight countries, including 43 in the UK. Matthew Bucknall, 59, is founder and group chief executive.
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