FSN Capital in partial exit from Fitness World

Following the deal, the active ownership role remains with FSN Capital. Kirkbi will acquire preference shares in the business and will be first to receive returns on the investment.

FSN said it can return money to its investors through the deal, while Fitness World would gain a strong co-investor, which has previously partnered with FSN.

FSN aims to expand the health-club chain, both in Denmark and abroad, following the injection of fresh capital.

Previous funding
FSN acquired Fitness World from its founders and management in April 2015. 

The GP invested via its FSN Capital IV fund, which held a final close on €539m in November 2013.

Company
Established in 2005, Fitness World is headquartered in Valby, Copenhagen, and caters to around 500,000 members. It currently operates 158 fitness centres across Denmark, as well as 10 Urban Gyms and 14 Fitness World gyms in Poland.

People
FSN Capital – Thomas Broe-Andersen (partner).

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