World Class Romania increases its commitment to the Romanian fitness sector
Our portfolio company, World Class Romania, entered into a binding agreement to acquire the fitness chain operator Club Sport Fitness Center MV S.R.L.
World Class is the leading fitness operator network in Romania. Itintroduced the concept of modern fitness clubs in 2000, when it openedits first location in Bucharest. Since then, the Company has expanded its network to 11 clubs in three Romanian cities. The Company partners with well-known international fitness trainers and program creators to provide its members with the latest, most-engaging fitness programs. World Class Romania plans to continue expanding its network to offer members a greater choice of fitness locations.
Club Sport Fitness Center MV SRL is a privately-owned fitness operator currently managing nine fitness centers in Bucharest and the main Romanian cities.
Mikael Fredholm, CEO of World Class, said: "We are thrilled as this acquisition will allow us to offer more locations with the highest standard of fitness services and even further improve the quality of our services."
Dan Farcasanu, Investment Director at Resource Partners, said: "The transaction will transform World Class Romania into the undisputed leader of fitness services with a network of 28 clubs in Romania and two in Serbia. This shows our commitment to create partnership with strong management teams and to support them in growing organically and through M&A to create industry champions in strategic sectors."
Resource Partners acquires majority stakes in iaBilet and BestMusic
Resource Partners announces the acquisition of an 82.5% stake in iaBilet, Romania’s leading online ticketing platform, and a 55% stake in BestMusic Concerts, a pioneering promoter of live entertainment events.
Resource Partners and Artgeist - strategic partnership
Resource Partners has entered into an investment agreement under which Artgeist Sp. z o.o., one of Europe’s leading producers and distributors of wall décor and interior design solutions, has secured a majority investor to support its product diversification strategy.
