With 111 studios to date, over 350,000 members and around 1,400 employees, the BestFit Group is one of the largest fitness operators in Germany. With its established brands Ai Fitness and jumpers fitness, the BestFit Group is positioned in the fast-growing premium value segment.
With the acquisition of all 9 locations of FLEXX Fitness, another step in the expansion strategy of the BestFit Group has now been taken. With the regional distribution of FLEXX Fitness, the BestFit Group is expanding its local presence in the Cologne area. FLEXX Fitness locations will continue to operate under the Ai Fitness brand.
Rainer Mast, CFO of the BestFit Group, comments, “The fact that we have been able to expand our growth even further and reach our goal ahead of schedule makes me very proud. The highly successful FLEXX Fitness brand represents the perfect extension for us.” “The entire BestFit team is very excited about the nine FLEXX clubs and their more than 50,000 members,” adds Stephan Schulan, CEO of the BestFit Group.
Even at the time of the merger of Ai Fitness and jumpers fitness in October 2020, the BestFit Group, which was founded at the same time, recorded the strongest growth rates within the German fitness market. Through targeted acquisitions of individual locations in North Rhine-Westphalia, Hesse and Baden-Württemberg, the BestFit Group has already grown by more than 35 clubs since summer 2022 to date, which are also managed under the Ai Fitness and jumpers fitness brands.
“With the acquisition of FLEXX Fitness, we again underline our clear focus on premium value fitness in Germany. We continue to see significant growth potential in the German market. With our two established brands AI and jumpers Fitness, we are very well positioned for this,” explains Maximilian Frey (Photo © Nordholding), Principal at NORD Holding.
On the part of NORD Holding, the transaction was implemented by Maximilian Frey and Moritz Stolp.
With a history of over 50 years and assets under management of € 3 billion, NORD Holding is one of the leading private equity and asset management companies in Germany. The focus is on the business areas of direct investments and fund investments. The focus of the direct business is on the structuring and financing of corporate succession models, the acquisition of group divisions/subsidiaries and the expansion financing of medium-sized companies. In contrast to most other financial investors, who only manage time-limited funds, NORD Holding acts as a so-called “evergreen fund” with no time limit and invests from its own balance sheet. The company is currently involved with more than 15 companies in Germany and other German-speaking countries. The Fund Investments business unit targets the micro and small cap segment of mid-market-oriented private equity funds in Europe. The focus here is on primary, secondary and co-investments. NORD Holding focuses strongly on buyout managers newly established on the market, operational investment strategies and also regularly acts as an anchor investor. www.nordholding.de