For more information, please visit the Mizuho website. Ltd., headquartered in Singapore with local offices in Indonesia, Malaysia and Vietnam, Exacta seeks to invest in and nurture promising mid-cap companies in Southeast Asia in part by leveraging its Japanese connections and strong local presence across Southeast Asia. Through its investment advisor Mizuho Asia Partners Pte. About Exacta Capital PartnersĮxacta Capital Partners is a Southeast Asia-focused middle market private equity fund manager and successor fund manager of Mizuho ASEAN Investment GP, which was jointly established by Mr Kota Igarashi and Mizuho Bank, Ltd. Significant under-penetration of the gym industry in these regions (less than 2% versus 16% in Australia), Asian economic growth, stronger purchasing power due to an emerging middle class and increasing income levels, will underpin forecasted growth. We are delighted to partner with Exacta to support IBA’s trailblazing founding team in further growing the business across Asia,” said Charles Wong, Executive Director at Aura.Īccording to International Health, Racquet & Sportsclub Association’s 2018 Asia Pacific Health Club Report, the gym industry in Southeast Asia, Hong Kong, Macau and Taiwan has experienced growth of approximately 8% Compound Annual Growth Rate over the past 3 years and will be valued at over USD 3.2 billion by 2023. “IBA has a clear and proven business model that delivers a distinctive, award-winning and affordable health and wellness offering via the Anytime Fitness brand. Whilst Anytime Fitness is already a market leader in Singapore, Malaysia and the Philippines, the additional capabilities offered by Aura and Exacta in our partnership will accelerate our growth and assist us in capturing new markets, customers and opportunities across Asia”.
Luke Guanlao, Chief Executive Officer of IBA, commented: “Aura’s and Exacta’s equity investment is a breakthrough as we embark on our expansion plans for Anytime Fitness in Asia.
Despite gym closures due to COVID-19, IBA is well positioned to weather the current lockdowns across various markets and support its franchisees in accelerating growth once these are relaxed. In 2018/2019 alone, 182 gym franchises were awarded, and 139 new gyms opened. Anytime Fitness currently boasts more than 250 locations with a total membership base of over 200,000 within Asia. The founders of IBA have a proven track record of building the Anytime Fitness brand across Asia, having sold over 350 gym franchises in under 6 years and is the region’s largest and fastest-growing gym brand. This also marks Aura Group’s first collaboration with Exacta Capital Partners, the lead equity investor in IBA, and with RISA Partners, senior lender to IBA. This transaction is a significant milestone for Aura Group in Asia, especially in light of market conditions created by COVID-19. (“IBA”), the master franchise owner of the Anytime Fitness brand across Singapore, Malaysia, the Philippines, Indonesia, Thailand, Taiwan, Vietnam, Hong Kong and Macau (collectively “Asia”). Aura Group is pleased to announce the private equity investment in Inspire Brands Asia Pte.
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