edelhelfer advises wellyou on sale to AUCTUS Capital Partners

industry news fitness

AUCTUS Capital Partners based in Munich has taken over fitness operator wellyou in an owner buy-out. With 14 clubs located in Northern Germany, wellyou is a leading operator in the still growing discount segment of the fitness market. The advisory boutique edelhelfer, with the specific focus on the sports and leisure industry, has accompanied the shareholders of the wellyou group in the complete vendor process.

wellyou was founded in Kiel as a single club in 2003. Since then, the company has grown considerably to more than 14 locations in northern federal states of Germany today. Its focus is on small and medium sized cities and suburbs. The "premium discount" concept of wellyou is implemented by high-quality equipment and a specific personal support.

Mr. Volker Roese remains the Group's Managing Director and has reinvested alongside other co-owners in the transaction. The parties have agreed not to disclose the purchase price. The financing was provided by Proventus Capital Partners by senior secured term loans of EUR 10 million.

After the investment in the premium fitness and wellness provides Holmes Place at the beginning of 2016, this is already the second engagement of Auctus on the German fitness market.

 

Source: AUCTUS Capital Partners, Proventus Capital Partners, Gütt Olk Feldhaus
Pictures: wellyou

 

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