LifeFit Group Plans Acquisition of FIT/One Group

LifeFit Group MidCo GmbH has reached a preliminary agreement to acquire the FIT/One Group. The acquisition will involve fitness studios in Germany and Austria, operated under the “FIT/One” and “moreFit” brands. Private equity funds advised by Waterland Private Equity Investments are majority owners of LifeFit Group. Shareholders of FIT/One Group, including private equity funds and a joint venture partner, plan to reinvest part of the purchase price, thus becoming minority shareholders of LifeFit Group.

The transaction is conditional on negotiations of a share purchase agreement, reinvestment terms, and necessary corporate and regulatory approvals. Partial financing will likely involve a tap issuance of existing bonds, placed privately with qualified investors, depending on market conditions. This bond will be issued under ISIN NO0013252452.