Meridian Receives $10 Million Investment

S. G.
September 2009
Fitness Business Pro;Sep2009, Vol. 25 Issue 9, p18
Trade Publication
The article reports that Meridian Sports Clubs California LLC, operator of several health clubs under the brand Meridian's Body in Motion, received 10 million dollars as part of senior secured debt from Praesidian Capital Investors in New York. Chuck Grieve, the company's chief executive officer (CEO), states that they are proud of what the had accomplished and looks forward for their future prospects. The sports club reported a revenue of 30 million dollars in 2008.


Related Articles

  • Pizza Chain Snags $30 Million Loan. Yu, Jane // Orange County Business Journal;8/12/2013, Vol. 36 Issue 32, p5 

    The article reports on the $30 million loan received by restaurant operator John's Incredible Pizza Co. from a consortium of investment firms such as Praesidian Capital, Kemper Corp., and Brookside Mezzanine Partners.

  • Praesidian Gets SBIC License. Cody, Tamika // Mergers & Acquisitions Report;3/7/2011, Vol. 24 Issue 10, p19 

    The article reports that the U.S. Small Business Administration granted Praesidian Capital a license to run a small business investment company.

  • Middle Market Sees New Players, Stays Steady.  // High Yield Report;3/26/2007, Vol. 18 Issue 12, p1 

    The article reports on the impact of competition to the services offered by lower-middle-market firms in the U.S. Due to competition, several firms provided one-stop financing shops that finance both the senior and subordinated debt together. According to Praesidian Capital Investors' managing...

  • Praesidian Appoints New MD, VP. Sheahan, Matthew // High Yield Report;12/6/2010, Vol. 21 Issue 49, p33 

    The article announces the decision of Praesidian Capital to appoint Glenn Harrison as a new managing director and to promote James Heyer as vice president.

  • Calif. Agency Secures Growth Financing.  // American Banker;4/5/2006, Vol. 171 Issue 65, p10 

    The article reports that Praesidian Capital Investors, a New York company, will invest $8.85 million in the RAI Insurance LLC, which is an administrative and insurance brokerage company. RAI Insurance is part of the RAI Insurance Group LLC in Anaheim, California. Praesidian Capital has...

  • Staying strong. Japsen, Bruce // Modern Healthcare;09/29/97, Vol. 27 Issue 39, p34 

    Presents information as it relates to the financial performance of fitness centers affiliated with hospitals in the United States, with reference to an analysis conducted by the Association of Hospital Health and Fitness. Estimated funding spent on health clubs affiliated with hospitals;...

  • Planet Fitness invests $1.6M in Sylvania.  // Toledo Business Journal;Dec2011, Vol. 27 Issue 12, p24 

    The article reports that Planet Fitness LLC is investing 1.6 million dollars in its facility at Sylvania Avenue in Sylvania, Ohio.

  • Secured loan lending reached £352m in 2012. Brennan, Henry // Mortgage Strategy (Online Edition);1/16/2013, p15 

    The article reports on the increase in secured loan lending in Great Britain in 2012 compared with 2011.

  • Secured loans sector records 19th month of year-on-year growth in May.  // Mortgage Strategy (Online Edition);6/17/2013, p1 

    The article reports on the growth in Great Britain's secured loans lending sector in May 2013.


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics