Bloomberg News

Group of Executives to Buy Luminar Clubs, Financial Times Say

December 10, 2011

Dec. 10 (Bloomberg) -- The administrators of Luminar Group Holdings Plc agreed to sell about 60 clubs to a group of leisure industry executives for 45 million pounds ($70.5 million) excluding debt, the Financial Times newspaper said.

The group includes former Luminar Executive Director Peter Marks, Joe Heanen and Alex Geffert, according to the report, citing a statement.

--Editor: Jon Menon

To contact the reporters on this story: Ambereen Choudhury in London at achoudhury@bloomberg.net3503374Z LN Equity

To contact the editors responsible for this story: Edward Evans in London at eevans3@bloomberg.net


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