Acquisition of LifeFit Group by Waterland is formally completed

Press release | LifeFit Group is pleased to announce that it has been successfully acquired by Light AcquiCo GmbH. Light AcquiCo GmbH is the new parent company of LifeFit Group and is indirectly held by funds advised by Waterland Private Equity Investments (“Waterland”). With its new owner Waterland, LifeFit Group will be able to continue and accelerate its buy-and-build growth strategy.

Purchaser of LifeFit successfully issues bonds of EUR 140 million

Press release | Light AcquiCo GmbH (“AcquiCo”) (an entity indirectly held by
investment funds advised by Waterland Private Equity Investments) successfully issues senior secured bonds of EUR 140 million, which shall part-finance AcquiCo’s acquisition of LifeFit Group TopCo GmbH (i.e. the sole direct shareholder of LifeFit Group MidCo GmbH (“LifeFit”)) and the redemption of LifeFit’s senior secured callable floating rate 2019/2025 bonds with ISIN NO0010856966.

LifeFit Group announces acquisition update, launch of bond refinancing and gives notice of conditional redemption of its outstanding 2019/2025 bonds

Press release | LifeFit Group MidCo GmbH (the “Issuer”) announces further details regarding Light AcquiCo GmbH’s (“AcquiCo”) (an entity indirectly held by investment funds advised by Waterland Private Equity Investments ) acquisition of LifeFit Group TopCo GmbH (“LifeFit Group”), the Issuer’s sole direct shareholder (the “Acquisition”),
which shall be part-financed by a new senior secured corporate bond under Swedish law (Nordic Bond) with a target volume of EUR 120,000,000 (the ”New Bonds”) by AcquiCo, where the net proceeds shall also be used to redeem the Existing Bonds.

LifeFit Group on track for growth with new investor Waterland, announces trading update and potential bond refinancing

Press release | Blitz 24-73 GmbH (under change of name to Light AcquiCo
GmbH), („AcquiCo“), an entity indirectly held by investment funds advised by Waterland
Private Equity Investments („Waterland“) has signed an agreement to acquire Frankfurt based
LifeFit Group TopCo GmbH („LifeFit Group“)

LifeFit Group announces acquisition and trading update and subscription commitments for issuance of subsequent bonds

Press release | LifeFit Group MidCo GmbH announces acquisition and trading update and that the Company has received subscription commitments from certain institutional investors for the issuance of subsequent bonds under the terms and conditions of its outstanding bond loan 2019/2025 with ISIN NO0010856966 in an amount of EUR 12 million (the “Bond Issue”) to part-finance the acquisition of 19 fitness clubs in the federal state of Baden-Wuerttemberg (the “Acquisition”).

LifeFit Group strengthens largest and best-known brand and bundles “Full Service Best Price” segment

Press release | As of October 2023, LifeFit Group has converted the FitnessLOFT, In Shape and Smile X brands to Fitness First clubs as part of a comprehensive rebranding strategy. In doing so, LifeFit Group strengthens and realigns the largest and best-known fitness provider within the group, uniting its “Full Service Best Price” segment under Fitness First RED.