14 March 19
BlueMount Capital Secures Expansion Funding for Elite Military Fitness
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\t"I am delighted to announce that we have secured AUD $3.5 million in expansion debt financing for Elite Military Fitness (EMF), a leading Gold Coast based fitness and performance group.
Providing Elite Services Without The Added Expense
\tEMF has built a chain of fitness and performance centres focused on providing the affordability of a small 24-hour gym, the personal service of a health club and the amenities and equipment of an elite training facility. EMF’s fitness centres were created to bring a more professional and personalised service to the community without the added expense. The Company’s aim is to offer a complete fitness model to the general population; a facility that caters for everyone’s needs without overcrowding and limited equipment.
Funds to be Used for New Centres and Equipment
\tThe funds will be used to expand the group’s footprint, incorporating new centres, as well as providing equipment finance. The funding includes a range of business facilities such as loans, equipment finance, credit cards and a bank guarantee.
Working with BlueMount Capital
\tBlueMount Capital worked closely with the new funder and the client to secure the facilities, managing the approach to the market, providing financial modelling to support the transaction and negotiating with the financier, plus assisting with closing the transaction. The facilities provided, include flexible covenants for future growth while providing competitive interest rates on all the products offered. The funding is expected to assist in meeting the groups rapid expansion plans.
\tEMF co-founder Scott Freeman states “BlueMount Capital has been paramount in EMF realising our dream to delivering affordable and innovative health and fitness solutions to the greater Australian community. Their assistance has helped us create our new Nerang Performance and Recovery Centre and will be assisting us with our venture in our North Lakes venue later in 2019. The future for EMF is only looking brighter.”
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About BlueMount Capital
BlueMount Capital is an Australia based investment firm and corporate finance group assisting and advising corporate clients on listing on the ASX, M&A, private placements, cross border transactions and the raising of capital from the equity and debt markets. For more information please email brisbane@bluemountcapital.com or phone +61 7 3160 2840."
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