Resource acquires majority stake in World Class Romania

Last week, Resource announced it had acquired a controlling stake in the company by taking part in a management buyout. It has now increased its investment in World Class by completing the buyout of minority shareholders.

World Class plans to expand its network across Romania.

Fitness chains are a highly sought after investment for private equity firms. Most recently, the Business Growth Fund invested £2m in portfolio company Xercise4Less.

Company
Founded in 2000 in Bucharest, the fitness club has expanded to 11 clubs in three cities. The clubs provide access to gym, aerobic, cycling and relaxation facilities and is an affiliated partner of Les Mills, a choreographed exercise class provider.

People
Mikael Fredholm is CEO of World Class. Dan Fărcăşanu is investment director of Resource.

Advisers
Equity – RTPR Allen & Overy (Legal); EY (Corporate finance).
Company – Capital Partners (Corporate finance); TSAA (Legal).

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• Topics
• CEE
• Consumer
• Buyouts
• Romania
• Resource Partners Sp. z o.o.