FountainVest Partners is in advanced talks to buy control of Pure Group in a deal valuing the billionaire-backed Hong Kong gym chain at more than $400 million, people with knowledge of the matter said.
The Chinese private equity firm is holding late-stage negotiations with Pure Group owners including buyout firm Leonard Green & Partners and businessman Bruce Rockowitz, according to the people. Other potential buyers including Primavera Capital still remain around the process, the people said, asking not to be identified as the information is private.
