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EGYM completes successful USD 41 million round of financing with CMS support

20/09/2021

Munich – Munich-based fitness tech start-up EGYM has raised USD 41 million in a Series E round of financing. The round saw Mayfair Equity Partners, a leading growth investor in the technology and consumer goods sectors, taking an equity stake in the digital gym equipment specialist. Existing investors include HPE Growth Capital, Highland Europe, NGP Capital and Kreos. This means that investment totalling around USD 150 million has been funnelled into the company.

A CMS team headed by lead partner Stefan-Ulrich Müller advised EGYM on all legal aspects of preparing, negotiating and implementing the transaction. This is not the first time that EGYM has relied on the expertise of the venture capital team, with the Munich lawyers having regularly advised EGYM on financing rounds, venture debt transactions and acquisitions since 2014.

CMS Germany

Stefan-Ulrich Müller, Lead Partner, Munich
Dr Tilman Weichert, Partner, Munich
Sebastian Hummel, Associate, Munich, all Corporate/Venture Capital
Stefan Lehr, Partner, Frankfurt/Main, Competition & EU
Dr Daniel Hofmann, Principal Counsel, Munich, TMC

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