LifeFit Group MidCo GmbH / NO0013252452
12.02.2025 - 16:54:09LifeFit Group MidCo GmbH: Agreement in principle on the acquisition of FIT/One Group by LifeFit Group reached; financing would include a tap issuance of existing bonds
EQS-Ad-hoc: LifeFit Group MidCo GmbH / Key word(s): Takeover 12-Feb-2025 / 16:54 CET/CEST Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by EQS News - a service of EQS Group. The issuer is solely responsible for the content of this announcement. Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014 Frankfurt am Main, 12 February 2025 – LifeFit Group MidCo GmbH (together with its subsidiaries, “LifeFit Group”) announces that its managing directors have today decided to fully support an agreement in principle by the majority owners of LifeFit Group and the shareholders of FIT/One Group on the acquisition of FIT/One Group by LifeFit Group and to pursue the acquisition. LifeFit Group expects that an acquisition of FIT/One group by LifeFit Group is predominantly likely. The FIT/One Group includes fitness studios in Germany and Austria, which are operated under the “FIT/One” and “moreFit” brands The majority owners of LifeFit Group are private equity funds advised by Waterland Private Equity Investments (“Waterland”). The shareholders of FIT/One Group are, among others, other private equity funds advised by Waterland as well as a joint venture partner. Die shareholders of FIT/One Group intend to reinvest parts of the purchase price and would thus become minority shareholders of LifeFit Group. The acquisition is subject to the negotiation of a share purchase agreement, agreements on the reinvestment as well as further approvals by corporate bodies. Closing of the transaction would be subject to customary closing conditions, including obtaining necessary regulatory approvals and debt financing arrangements to partially finance the acquisition of the FIT/One Group. LifeFit Group expects a partial financing of the acquisition of FIT/ONE Group by means of a tap issuance of its Nordic Bond issued under ISIN NO0013252452 to be predominantly likely. Such tap issuance would be made exclusively in private placements to qualified investors, subject to market conditions. LifeFit Group MidCo GmbH is the legal successor of Light AcquiCo GmbH and as such the issuer of the Nordic Bond with ISIN NO0013252452. Person making the notification: Mareike Scheer Group Communications Manager Phone: +49 (0)152 22930014 Email: presse@lifefit-group.com Company: LifeFit Group MidCo GmbH Hanauer Landstraße 148a 60314 Frankfurt am Main Germany ISIN: NO0013252452 WKN: A383GU Listed: Regulated Unofficial Market in Frankfurt End of Inside Information 12-Feb-2025 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.eqs-news.com |
Language: | English |
Company: | LifeFit Group MidCo GmbH |
Hanauer Landstraße 148 A | |
60314 Frankfurt | |
Germany | |
E-mail: | ir@lifefit-group.com |
Internet: | https://www.lifefit-group.com/ |
ISIN: | NO0013252452, NO0013300491 |
WKN: | A383GU |
Listed: | Regulated Unofficial Market in Berlin, Frankfurt, Hamburg, Hanover, Stuttgart, Tradegate Exchange |
EQS News ID: | 2085505 |
End of Announcement | EQS News Service |
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2085505 12-Feb-2025 CET/CEST