Munich – German fitness technology and corporate fitness provider EGYM has received €207 million in fresh capital from US investor Affinity Partners and existing investors Mayfair Equity Partners and Bayern Kapital in a growth financing deal. With this, the provider of digitally networked equipment and corporate fitness continues to grow and plans to further expand the EGYM Wellpass corporate fitness network. EGYM has recently been able to further accelerate growth organically and through acquisitions. Approximately €107 million of the Series F funding will flow into the company immediately, with a further €100 million to be used for future investments.
A CMS team led by lead partners Stefan-Ulrich Müller and Dr Tilman Weichert again provided EGYM with comprehensive legal advice on the new financing round. EGYM and CMS have an intensive client relationship that has grown since 2014. The company regularly relies on the legal advice of the Munich venture capital team for financing rounds, venture debt transactions and acquisitions - most recently in the acquisition of the French competitor Gymlib.
CMS Germany
Stefan-Ulrich Müller, Lead Partner
Dr. Tilman Weichert, Lead Partner
Sebastian Hummel, Senior Associate
Jonas Ohmann, Associate, all Corporate/Venture Capital
Stefan Lehr, Partner, Antitrust, Competition & Trade
Jörg Schrade, Partner, Tax
Press Contact
presse@cms-hs.com
