Virgin Active acquisition by Brait, South Africa
2015
STJ Advisors acted as independent IPO advisor to Virgin Active and its shareholders CVC and Virgin Group in the sale of a controlling stake in the Company to Brait, South Africa. Virgin Active had explored the possibility of a listing on the Johannesburg Stock Exchange and with STJ’s assistance over a number of years, both established the attractiveness of the JSE listing and also created significant momentum towards its successful realisation. The transparent results of the IPO process were used by Virgin Active and its shareholders to determine the benefits of a direct sale against the IPO alternative.
