Acquisitions · Fitness franchising
Koshidaka buys Curves, the Texas women's fitness franchisor
- Buyer
- Koshidaka Holdings (Tokyo)
- Target
- Curves International Holdings, Waco, Texas
- Value
- About ¥18.5B
- Status
- Completed in March 2018.
- Date
- 2018-02-15
Koshidaka Holdings, which runs the Curves franchise in Japan, bought Curves International Holdings, the Waco, Texas-based franchisor of women's fitness clubs, from North Castle Partners. M&A Online reported the price at about ¥18.5 billion.
Why it matters
The deal reversed the usual direction of franchising, with the Japanese licensee taking over the US brand owner.
Sources
Kakehashi M&A News home
