Hong Kong Gym Pure Gets Over $50 Million to Cut Bulk of Debt

Pure, the Hong Kong gym chain frequented by the city’s financial elite, has secured commitments for new funding to help it pay down debt, according to people familiar with the matter.

The gym operator, which tends to lease large spaces in premium locations in the city, is set to receive more than $50 million from investors including Primavera Capital and some existing shareholders, such as FountainVest Partners, as soon as paperwork is completed, the people said.