The FIT/One Group includes 33 fitness facilities in Germany and Austria, which are operated under the brands "FIT/One" and "moreFit". The majority owners of the LifeFit Group are private equity funds advised by Waterland Private Equity Investments B.V. ("Waterland"). Shareholders of the FIT/One Group include other private equity funds also advised by Waterland, as well as a joint venture partner. The shareholders of the FIT/One Group intend to reinvest part of the purchase price and would thus become minority shareholders of the LifeFit Group.

The acquisition is subject to the negotiation of a purchase agreement and the reinvestment agreements as well as other committee decisions. The LifeFit Group considers it highly likely that the acquisition of the FIT/One Group will be partially financed by increasing its Nordic bond.

Source: LifeFit Group
Image: FIT/One Group