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World Health Club is a leading fitness club chain in the province of Alberta, Canada. The Company currently operates 19 fitness clubs in Alberta’s two largest cities, Calgary and Edmonton through its World Health Club and Club Fit Brands. The Company provides health club services to approximately 40,000 members, offering fitness memberships and other ancillary services including personal training and group fitness classes. The World Health Club member value proposition is based on three key competitive drivers: value, convenience and personal training.

In March 2008, York Street structured and provided a C$44.0MM capital solution to support the acquisition of World Health Club by North Castle Partners.

York Street invested C$27.0MM in unitranche notes and C$5.0MM of common equity at closing, and provided a C$12.0MM unfunded acquisition note facility. 

In July 2008, World Health Club acquired Club Fit and its 5 Edmonton clubs.  York Street Invested C$12.0MM of the acquisition facility and an incremental C$0.7 of Common Equity to support the acquisition.

North Castle Partners: http://www.northcastlepartners.com

 

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