Global law firm Hogan Lovells Cadwalader has advised the Dutch fitness company Basic-Fit on its acquisition of health club chain wellyou for a purchase price of €52 million.
wellyou is the market leader in northern Germany, with around 110,000 members and 41 locations. The acquisition strengthens Basic-Fit’s presence in this region and marks a further step in the company’s strategic growth plan.
With more than 2,150 gyms and over six million members, Basic-Fit is Europe’s largest fitness operator and franchisor. The company operates in twelve countries and employs more than 9,000 staff.
The Hogan Lovells Cadwalader team supported Basic-Fit throughout the entire transaction process and advised on all legal aspects of the acquisition.
The team was led by partner Dr. Nikolas Zirngibl and associate Julia Dingeldey, on all corporate M&A matters.
The M&A team was further supported by associates Nadja Weber and Jasper Lohse, research assistants Ellen Mottl and Noah Meidhof, and trainee Linus Saurenbach. Antitrust advice was provided by partner Dr. Christoph Wünschmann and senior associate Dr. Dennis Cukurov. Tax aspects of the transaction were handled by counsel Dr. Falk Loose and senior associate Peter Volkmann. The data protection team comprised partner Dr. Marcus Schreibauer, counsel Sarah-Lena Kreutzmann, and senior associates Dr. Michael Thiesen and Nico Kuhlmann. Employment law advice was provided by counsel Stefan Richter and senior associates Dr. Jana Lind-Fetscher and Paul Single. Real estate aspects were covered by counsel Dr. Tim Hinrichsen and senior associate Sven Maier.
