The leading fitness apparel brand Gymshark announced that it will enter a strategic partnership with a leading equity firm General Atlantic, for its first-ever fundraise, valuing the business at over approximately $1.3 billion.
- The investment will see General Atlantic take a 21 per cent stake in the business.
- This partnership is designed to facilitate further growth and international expansion, specifically into North America, where Gymshark has already established its largest customer base.
- Gymshark is the most successful British fitness brand in the world. In conjunction with General Atlantics investment, Francis the founder of the fitness brand is increasing his stake in the company to over 70 per cent.
Gymshark, headquartered in Solihull, United Kingdom, is a global fitness apparel brand. The company was founded in 2012 by Ben Francis in UK. The company manufacturers fitness apparel & accessories brands. The company is supported by over three million highly-engaged social media followers all across the globe. It has customers in more than 131 countries.