Afinum-backed Let's Go Fitness bolts on Fitbudget

The transaction is the fifth bolt-on acquisition made by the group, bringing the total number of centres operated in western Switzerland to 45.

The Let's Go Fitness platform was originally purchased using Afinum's seventh fund, Siebte Betiligungsgesellschaft, in September 2014. At that stage, the group operated 28 fitness centres and had around 30,000 members.

Company
Founded in 2007, Fitbudget runs centres in the French-Swiss cities of Sion and Fribourg. The company also sells food supplements and offers nutrition consultancy - after the sale of its fitness centres, it will narrow its focus to this business area.

People
Afinum Management – Thomas Bühler (managing director), Gernot Eisinger (managing director), Philipp Schülin (senior partner).

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• Topics
• Expansion
• DACH
• Consumer
• Switzerland
• Build-up
• Afinum