Gymbox Secures £39M in Debt and Equity Funding

gymboxGymbox, a London, UK-based gym chain, secured a £39m funding package.

Backers included Business Growth Fund, which has provided an additional £13m equity financing, and HSBC, which has provided a debt package totalling £26m.

The company inteds to use the funds to roll-out further new sites across London within the next 12 months, including a new Farringdon-based 42,000 sq ft gym which will feature a three lane running track, an Olympic sized boxing ring and a large free weights area, and will make more than 150 classes available every week.

Led by CEO and founder Richard Hilton, Gymbox has generated revenues and EBITDA of £16m and £5.5m respectively in the last 12 months.



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