King & Wood Mallesons advised Salvepar (Tikehau group) on its acquisition of a stake in Neoness. Salvepar invested €25 million in shares and convertible bonds, giving it 25% of the capital, alongside the two founders who retain control.
Founded in 2007 by Céline Wisselink and Marie-Anne Teissier, Neoness is a key player in low-cost fitness in France. The group operates around 20 clubs mainly in Paris and the inner suburbs.
Salvepar, in which the Tikehau group is the majority shareholder, is an investment holding company listed on Euronext Paris specialising in long-term minority shareholdings in listed and unlisted French and international companies.
KWM's Corporate team comprised Thomas Maitrejean (partner) and Maëliss Bourbon (advisor).
Neoness: Hogan Lovells with Stéphane Huten, Bruno Knadjian, Ariane Berthoud, Arnaud Deparday, Pierre Denizot-Heller and Stéphanie Bigo.
Banks: CMS Bureau Francis Lefebvre with Benjamin Guilleminot and Benoît Fournier.
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