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Total Fitness, the Wilmslow-based chain of 17 health clubs, has undergone a management buy-out backed by NorthEdge Capital.
Total Fitness has been acquired by a management team for undisclosed terms, and £5m will be invested in the expansion of its chain of 24 clubs.
Total Fitness is planning to expand its chain of 21 health and fitness clubs with two new sites a year, and will open in Newcastle upon Tyne and Birmingham this year.
Total Fitness is to open a health and fitness centre at Thornaby on Teesside in September, with the creation of 55 jobs.