CMS advisor to German sportech eGym

CMS has advised eGym, a Munich-based German group that provides fitness facilities with connected equipment and apps, on the acquisition of French startup Gymlib.

Founded in 2014, Gymlib provides sports membership in more than 4,000 facilities to employees.

This transaction, financed partly in cash and partly in shares, creates a new entity that claims 1.5 million beneficiaries.

This acquisition is part of the eGym group's international development strategy.

CMS was the advisor to eGym group. The team was composed of:

- Pierre Dedieu, partner, Chloé Delion, counsel, on the tax aspects, Benoit Gomel, counsel, Antoine Melchior and Aliénor Saguez, associates, on the M&A aspects, for CMS France

- Tilman Weichert, partner, and Sebastian Hummel, associate, on M&A aspects for CMS Germany

On the sellers' side, Gide Loyrette Nouel advised Gymlib with partner Axelle Toulemonde and associates Donald Davy and Mélanie Chailloleau, on the M&A/corporate aspects and partner Magalie Buchert with associate Pauline Alvarez, on the tax aspects.