CVC Financing Virgin Active with $745M in Equity

CVC Capital Partners is financing its acquisition of health club operator Virgin Active with around 450 million pounds ($745.7 million) of equity, Reuters reported. The firm has not put any debt financing into the deal, Reuters said. When the deal closes, CVC will hold a 41% stake in Virgin Active. Richard Branson's Virgin Group will hold the remaining 49% stake.

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