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.

LifeFit Group opens first Club Pilates studio in Germany

Press release | The successful boutique fitness concept Club Pilates from the USA continues to expand – the first studio in Germany opens on May 13 at 68 Eichwaldstraße in Bornheim, in the north of Frankfurt. The bright studio offers modern design, good transport connections and parking spaces. The roof terrace with a skyline view of Frankfurt provides a space for exclusive outdoor classes and community events.

Delayed publication of annual report

Press release | Due to significant additional workload arising from the amendment of its financing instruments and the acquisition of FitnessLoft in December 2022, LifeFit Group MidCo GmbH will be unable to publish the annual report for the financial year ended 31 October 2022 on 28 February 2023 as originally scheduled. The annual report is now expected to be published on or about 21 March 2023.