The investment, which is rumoured to be in the region of £300 million, will see General Atlantic take a 21 percent stake in the fast-growing startup.. Birmingham, UK, Gymshark has emerged as a leading brand in our industry, with a worldwide family from over 180 countries. The valuation sees Gymshark join an exclusive list of fewer than 25 British companies to have secured unicorn status since 2001, achieving the feat in just eight years. US private equity firm General Atlantic is taking a 21% share in the clothing business, which is based in Solihull. All things considered however, Gymshark is on a fast growth trajectory — and General Atlantic are betting it won’t slow down. Today’s valuation sees Gymshark join an exclusive list of fewer than 25 British companies to have secured ‘Unicorn’ status […] (Bloomberg) -- General Atlantic is nearing a deal to acquire a stake in Gymshark Ltd., the U.K. fitness brand set up by a group of high-school friends in a garage less than a decade ago, according to people familiar with the matter. The investment puts Gymshark at a valuation of over 1 billion pounds. About General Atlantic General Atlantic is a leading global growth equity firm providing … Freshfields advises General Atlantic on the acquisition of a minority stake in Gymshark. But based on a £1bn value, Mr Francis' stake in Gymshark is worth £700m. Gymshark, the fitness community and apparel brand, has today announced it will enter a strategic partnership with General Atlantic, a leading global growth equity firm, in its first-ever fundraise, valuing the business at over £1 billion. LONDON, United Kingdom — Athleisure brand Gymshark has hit £1.3 billion in valuation after raising capital from growth equity investor General Atlantic. In August 2020, US private equity firm General Atlantic purchased a 21% stake in the company in a deal which valued the company in excess of £1 billion. General Atlantic has invested in UK-based Gymshark, a fitness community and apparel brand. Gymshark is the fitness community and apparel brand in its first-ever fundraise valued at over £1bn. We exist to unite the conditioning community. The investment will see General Atlantic take a 21 per cent stake in the business, and Melis Kahya Akar, Head of Consumer for EMEA at General Atlantic, will take a seat on the board. We are proud to have advised Gymshark on all aspects of a third party minority investment by General Atlantic. This growth would be baked into the multiple. In August last year, the company secured business funding from American equity firm General Atlantic, which took a 21 per cent stake, valuing Gymshark at north of £1bn and making it … = Increase multiple In September that year, Gymshark launched the Gymshark Lifting Club, a gym and innovation hub, on the same site as its headquarters in Birmingham.
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