Latest GCA Altium News
Jul 20, 2021
Submitted GCA Altium has advised Aspria, a London headquartered, founder-led operator of super premium health focused clubs and hotels across Europe, on a EUR53 million investment from funds managed by affiliates of Fortress Investment Group (Fortress). Aspria, founded in 2000 and headquartered in London, UK, is a collection of Europe’s finest private members’ clubs in unique locations across Belgium, Italy and Germany. The exclusive clubs feature a wide range of sports, leisure, health, wellness, childcare and educational facilities, restaurants and hotel accommodation, and currently serve a member base of around 40,000. Founded in 1998, Fortress manages approximately USD53.1 billion of assets on behalf of around 1,800 institutional clients and private investors worldwide across a range of credit and real estate, private equity and permanent capital investment strategies. Brian Morris, Aspria’s Co-Founder and CEO, says: "The advice and guidance received from the team at GCA Altium has been invaluable in helping us to find the right funding partner to support our future aspirations. The health and wellbeing sector has never been more in the spotlight as people and economies recover from the impacts of Covid-19 and this investment positions us perfectly with a strong and exciting platform to take advantage of the significant opportunities in this market.” Gareth Owen, Director Debt Advisory at GCA Altium, says: “The team at Aspria have built an exceptional business based on delivering a premium, customer-focussed experience. This focus on the customer has allowed the business to demonstrate resilience and flexibility in adapting to the impacts of the pandemic. We are delighted to have advised Aspria on this investment and wish Brian and the team the best of luck as they continue to build from here.” Rahul Ahuja, Managing Director, Fortress Investment Group, adds: "We are very excited about our investment in Aspria, which we believe is the pre-eminent European health club operator in an industry that has exceptional potential for growth and that will support its members’ health and wellbeing as local communities recover from the impact of Covid-19."