Canada Square bulks up with new acquisiton

RSM provided due diligence on Canada Square Health & Fitness Holdings Limited’s acquisition of The Third Space.

The client

Canada Square Health & Fitness Limited, (trading as Reebok Sports Club London) operates a sports club in Canary Wharf. It is one of Europe’s largest health clubs occupying 100,000 sq ft. It offers a wide range of fitness services, as well as a number of treatments and therapies. It is owned by investment firm Encore Capital.

The Third Space operates two gyms in London, one in Soho and the other in Marylebone. It was formerly owned by Graphite Capital and was one of the first brands to bring together the best experts and facilities to cater for all requirements in exercise, health, medicine, nutrition and fun.

The acquisition is part of Encore’s plan to expand upon its successful investment in The Reebok Club in Canary Wharf.

What RSM did

RSM provided due diligence on Canada Square Health & Fitness Holdings Limited’s acquisition of The Third Space.

Testimonial 

'This acquisition supports our ambitious growth agenda; to own and operate iconic premium health clubs in key locations across the capital. I would like to thank RSM for the excellent support and advice we received on this transaction.'

Ed Shah, Encore Capital

Transaction team

Nick Williams, Partner, T: +44 (0)7703 496 222

Peter Vandervelde, Partner, T: +44 (0)7801 607 305