21 Partners-backed Club Med Gym acquires Silhouette

Local player SEC Partners joined 21 Centrale Partners to finance the bolt-on acquisition. The two companies will aim to open new fitness clubs in both France and Switzerland going forward.

21 Centrale Partners took an 80% stake in Club Meditérranée's subsidiary Club Med Gym, alongside management, for €74m in 2008.

Paris-based Club Med Gym is a fitness club operator that originated in the early 1980's. The company operates 22 clubs in Paris, 32 "corporate clubs" in large companies and luxury hotels, and currently has approximately 70,000 members.

Silhouette operates 22 clubs in Geneva, Zuricha and Brussels, and has 37.000 registered members. The enlarged entity is expected to generate aggregated revenue of €80m this year.

The unquote" team is currently researching this transaction. In-depth deal information for subscribers will follow shortly.

If you have any information regarding this transaction, please contact Grégoire Gille on +44 20 7484 9824 or gregoire.gille@incisivemedia.com

 

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• Topics
• France
• Expansion
• Consumer
• France
• Acquisition finance
• 21 Centrale Partners