Mikael Fredholm, CEO World Class: "We are delighted to participate together with Resource Partners in the acquisition of World Class Romania and we see great potential in the growth of the fitness market in Romania. Supported by our partner we will be able to further develop the network and create high quality fitness environment in our clubs."

Until recently, the company was a subsidiary of World Class International, a fitness chain with presence in 9 countries and more than 60,000 members across Europe. In 2001, the first club opened in Marriott Grand Hotel with a clear scope to test the infant Romanian fitness market. In 2005 World Class Romania opened its second club in Bucharest Radisson Hotel, which became the starting point of a successful expansion to 11 clubs in three Romanian cities in 2013. This put the company in the forefront of a EUR 64 million fitness market today. World Class Romania plans to continue the expansion of its network in order to offer its members a greater choice of fitness locations and best training experience.

Dan Fărcăşanu, Investment Director of Resource Partners, said: "We decided to increase our stake in World Class Romania as we are impressed by its growth prospects and quality of our management team. We look forward to supporting the Company as it expands organically and through acquisitions in the fast-growing Romanian fitness market."

Source: Resource Partners, Capital Partners