Providence Equity agrees to acquire Fitness Park
Providence Equity Partners agreed to acquire French gym chain Fitness Park in a deal announced October 28. The transaction would give Providence a combined network of more than 900 Fitness Park and VivaGym gyms, subject to regulatory approval.
Providence Equity Partners agreed to acquire French low-price gym chain Fitness Park in a deal announced Wednesday, October 28. The seller group included founder Philippe Herbette and investors Future French Champions, Momentum Invest and M Capital Partners.1
Fitness Park operated more than 467 clubs serving over 1.7 million members, and Providence-owned VivaGym had more than 450 locations across Spain and Portugal; together, the chains would give Providence a network of more than 900 gyms.1
Financial terms were not disclosed, and the transaction remained subject to regulatory approval.1
