Ontario Teachers' invests with FountainVest in Pure Group

Hong Kong lifestyle brand Pure Group has secured an investment from FountainVest Partners, a Chinese private equity firm, and Ontario Teachers' Pension Plan. No financial terms were released; however, Bloomberg reported earlier this year that FountainVest was planning to acquire the business for more than US$400 million. Founded in 2002, Pure Group operates yoga, fitness and dining facilities, serving about 80,000 clients. Ontario Teachers' Senior Managing Director, International, Jo Taylor said the deal will tap "strong growth opportunities in Asia's premium fitness market."

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