Listed gym operator Viva Leisure was preparing to launch a circa $16 million cash call on Thursday morning to buy eight health clubs in WA for its Club Lime brand, Street Talk understands.Fund managers, overnight, were offered Viva shares at $1.45 or a circa 7 per cent discount to the last close. The company had stockbroker Unified Capital Partners leading the raising talks.
Viva shares have risen 23.8 per cent in the past year. The company had a $141 million market capitalisation before the raise.has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories. Prior to that, she spent 10 years in London as a markets and M&A reporter at Bloomberg and Dow Jones.is a co-editor of the Street Talk column. Prior to that, she was a markets reporter at The Australian Financial Review.