Bridges Fund Management Acquires Majority Stake in énergie Fitness

Providence Equity Partners Acquires VivaGym Group

June 21, 2024

Healthcare Services

Providence Equity Partners has completed the acquisition of VivaGym Group from Bridges Fund Management. VivaGym, a leading operator of affordable gyms across Spain and Portugal with 104 clubs, over 315,000 members and more than 1,000 employees, will continue to be led by CEO Juan del Río Nieto while Providence supports its expansion across the Iberian Peninsula; Ares remains the group's primary lender.

M Group Services Acquires AgilityEco from Bridges Evergreen

January 5, 2024

Energy

M Group Services has acquired AgilityEco, a UK home decarbonisation delivery platform, from Bridges Evergreen. The sale delivered a 3.4x money multiple and a 40% IRR for Bridges Evergreen; AgilityEco provides whole-house energy-efficiency solutions, has grown to turnover well over £100m and worked with 36,000 households in 2022/23.

Bridges Evergreen Acquires Majority Stake in Skills Training UK

June 23, 2021

Education

Bridges Evergreen, the permanent-capital vehicle of Bridges Fund Management, has acquired a majority stake in Skills Training UK, a UK-based provider of apprenticeships, traineeships and adult skills programmes. The investment will support Skills Training UK’s growth under Bridges’ ‘Future Skills’ theme to expand employer-responsive training and improve learner outcomes.

Bridges Evergreen Acquires Minority Stake in AgilityEco

November 20, 2019

Energy

Bridges Evergreen Holdings (Evergreen), a long‑term capital vehicle managed by Bridges Fund Management, has taken a significant minority stake in AgilityEco Services Ltd to support the company's growth and scale its fuel‑poverty and energy‑efficiency programmes across the U.K. The investment will see Evergreen partners join AgilityEco's board and support the co‑founders' plan to expand delivery of retrofit and community energy‑advice services to more vulnerable households.

Bridges Fund Management Acquires GEV Group (GEV Wind Power) from Maven Capital Partners

July 11, 2019

Energy

Bridges Fund Management has acquired GEV Group (trading as GEV Wind Power), a UK-headquartered specialist in wind turbine blade repair and maintenance, from Maven Capital Partners. The existing management team, led by CEO David Fletcher, is reinvesting and will continue to run the business as Bridges supports scaling the company across onshore and offshore wind markets.

Morgan Stanley Capital Partners Acquires Impact Fitness

June 11, 2019

Retail

Investment funds managed by Morgan Stanley Capital Partners completed a majority investment in Impact Fitness, a Planet Fitness franchisee operating 29 clubs across the United States and Canada. MSCP partnered with Impact's management team led by CEO Adam Willaeys, acquiring the company from Bain Capital Double Impact and Bridges Fund Management to support further growth and expansion of the franchise footprint.