// Gymshark reportedly looking to sell a minority stake of up to 20%
// The sale could value the business at £1bn
Gymshark has attracted the interest of private equity firms amid speculation that it was exploring a sale of a minority stake.
According to Sky News, Inflexion Private Equity, General Atlantic, TSG Partners and L Cattertonare are among the investors eyeing up a bid for a stake of up to 20 per cent in the athleisure and sportswear brand and retailer.
Gymshark also reportedly has ambitions to be valued at £1 billion as a result of the minority stake sale.
- Gymshark donates more than £180,000 for NHS charities
- Gymshark confirms opening date of first high street store
- Gymshark funding round to value it at £500m
The sale process for the minority stake is being run by PwC.
In February, Gymshark was the highest-ranking fashion brand featured on The Sunday Times HSBC International Track 200 for the second year.
Ben Francis founded the business when he was 19. Now 27, he owns around two-thirds of Gymshark’s current shares and his wealth is valued at around £138 million.
Gymshark had opened its first ever and longest-standing pop-up store in London just weeks before the coronavirus lockdown came into place in late March.