RTPR advises Enterprise Investors and 18GYM on strategic fitness sector transaction

The two fitness networks will continue to operate under a dual-brand platform with more than 120 clubs across the country and serving 130,000 members. The transaction is subject to customary regulatory approvals and is expected to close at the beginning of next year.

Following the completion of the transaction, Enterprise Investors will hold a significant minority stake in the combined business alongside the founders of 18GYM and Stay Fit Gym. The transaction will also mark the full exit of Morphosis Capital, an existing investor in Stay Fit Gym.

“This is a transformational transaction for 18GYM and an important milestone in our journey. A transaction of this scale and complexity, involving multiple workstreams, requires the right people around the table. I would like to thank Marina, Costin and the entire RTPR team for their professionalism, pragmatism and commitment throughout the process. We are now looking forward to the next chapter and to building, together with Stay Fit and Enterprise Investors, one of the strongest fitness platforms in the region”, said Vlad Ronea, Founder & CEO, 18GYM.

The project team was coordinated by Costin Taracila (Managing Partner) and Marina Fecheta-Giurgica (Counsel), who were closely assisted at every stage of the matter by Alexandru Adam (Managing Associate) and Tudor Cucu (Junior Associate). The due diligence team further included Iulian Maier (Senior Associate) and Oana Stan (Junior Associate). Marius Barbu (Senior Associate) advised in relation to management agreement matters. Roxana Ionescu (Partner) and Serban Halmagean (Managing Associate) provided assistance in relation to competition, merger control and foreign direct investment aspects of the transaction. The financing team was made of Alexandru Retevoescu (Partner) and Bianca Eremia (Senior Associate).