Amundi Private Equity backs Appart Fitness

Nextalis operates gyms under the Amazonia, Gigagym and Wideclub brand names. It was hitherto owned by Alain, Sebastien and David Benoit.

With the acquisition of Amazonia, Gigagym and Wideclub, the Appart group will now operate 120 gyms. It is expected to generate a turnover of €60m in 2018.

Senior debt for the transaction was provided by LCL, Casra and BPI France. 

Amundi has announced four deals this June: it backed Miimosa and 3W Academy with growth capital, and bought EMP Rotomoulage and Groupe Location Transport.

Company
Founded in 2007 and based in Villeurbanne, the Appart brand manages gyms dedicated to tackling obesity issues and cardio-vascular diseases. 

People
Amundi Private Equity – Claire Chabrier (director).
Appart Fitness – Patrick Mazerot (president).

Advisers
Company – SG Corporate & Investment Banking (corporate finance); Bird & Bird (legal); LexCase (legal); Seigle Barrie & Associes (legal); Advance Capital (corporate finance); Eight Advisory (corporate finance).
Equity – Lamartine Conseil (legal).

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• Topics
• Expansion
• France
• Consumer
• France
• Amundi Private Equity
• Build-up