Post by Nikolas Zirngibl
Partner at Hogan Lovells Cadwalader, Head of Corporate & Finance Germany, Head of M&A Germany, Member of Mobility & Transportation Leadership Team, Member of Global M&A Leadership Team
💪💪💪 #Dealnews! We are proud to have advised the Dutch fitness company Basic-Fit on the acquisition of clever fit, a leading European fitness franchise built by Alfred Enzensberger with a strong presence in Germany, for €160 million in an all-cash transaction plus €15 million earn-out. 🚀🚀🚀 With this acquisition, Basic-Fit becomes the immediate market leader in Germany, operating a combined network of 450 fitness clubs in the country. With more than 1650 clubs, Basic-Fit is the largest and fastest growing fitness operator in Europe. Clever Fit has around one million members and is active in seven countries, including Germany, Austria, Switzerland, Slovenia, Romania, Croatia and the Czech Republic. Congratulations to the Basic-Fit team around René Moos, Maurice De Kleer, Mischa Geerards, Sara Moya Izquierdo, Vincent Perriolat and Christopher Niemeyer! Thank you to my #bestteam Julia Dingeldey, Nadja Weber, Dr. Falk Loose, Peter Volkmann, Paul Single, Katharina Engels, Golo Edel, Theresa Hager Hogan Lovells Germany #MandA
