King & Wood Mallesons has advised Quadrant Private Equity on the acquisition of Ardent Leisure’s gym business for $260 million. The business includes brands such as Goodlife Health Clubs and Hypoxi.

Goodlife is one of Australia’s largest gym networks, with 76 locations and a membership base that’s over 200,000 strong.

The KWM team was led by partner Mark McNamara, along with special counsel, Alex Elser and associates Josh Chalkley and Stephanie Daaboul. Partner Yuen-Yee Cho advised on the debt aspects of the deal with senior associate Will Stawell. Partner Tim Sherman advised on tax.

Commenting on the deal, partner Mark McNamara said, “We are pleased to be able to support our long-standing client, Quadrant, on another important acquisition in Australia. Australia has seen strong growth in the lifestyle and leisure sectors and this acquisition is well placed to leverage that growth.”

KWM also advised Quadrant on its acquisition of Urban Purveyor Group (UPG) in late 2015 and Fratelli Fresh earlier this year.