Schoenherr advises Enterprise Investors on investment in Romanian gym chain 18GYM
Schoenherr advised Enterprise Investors on its investment in 18GYM, one of Romania's leading fitness chains. The transaction underscores Enterprise Investors' commitment to backing high-growth businesses in the region and marks a strategic move into Romania's rapidly expanding fitness and wellness sector.
The Schoenherr team provided legal advice to Enterprise Investors throughout all phases of this private equity deal. Completion of the transaction is subject to foreign direct investment (FDI) screening and merger control (MC) clearance, which will be handled by the firm's competition, EU and foreign trade team.
"We are delighted to have advised Enterprise Investors on this exciting transaction," said partner Mădălina Neagu, who led the Schoenherr team advising on this deal. "Our team's strong track record in advising major private equity funds on their investments, doubled by our understanding of the Romanian fitness and wellness market, allowed us to provide comprehensive legal advice tailored to the complexities of this deal."
Enterprise Investors is one of the largest private equity players in Central and Eastern Europe. Active since 1990, the firm has raised ten funds. These funds have invested and committed EUR 2.4bln in 162 companies, completing 142 exits to date.
18GYM is one of the leading fitness chains in Romania. The company has grown rapidly, driven by new club openings and strong member inflows. 18GYM operates 37 clubs with an average location size of approximately 1,500 square meters.
The Schoenherr team advising Enterprise Investors was led by Mădălina Neagu (Partner) and included Mihaela Popescu (Managing Attorney at Law), Alina Cristea (Senior Attorney at Law), Ștefan Popa (Attorney at Law) and Laura Buzatu-Teodorescu (Senior Attorney at Law). FDI screening and MC will be covered by Georgiana Bădescu (Partner), seconded by Darius Trușculete (Senior Attorney at Law) and Mihaela Anghel (Attorney at Law).
