Hengeler Mueller advises Corsair Capital on strategic investment in IDnow
12 March 2025
Hengeler Mueller advises private equity funds advised by Waterland on the combination of FIT/One Group with LifeFit Group. Founded in 2014, FIT/One Group established itself as a leading fitness studio chain in the DACH region and operates 33 fitness studios in Germany and 12 additional fitness studios in Austria.
With the transaction, LifeFit Group, a leading fitness and health platform in Germany, is expanding its portfolio to more than 200 studios. The studios of FIT/One Group are to be integrated into the Fitness First brand and, in addition to strengthening the market position in the DACH region, will lay the foundation for LifeFit Group's expansion into Austria.
Waterland Private Equity Investments B.V. (Waterland) is an independent private equity investment firm with approximately EUR 14 billion of equity capital under management. The majority shareholders of LifeFit Group are other private equity funds advised by Waterland.
The transaction is expected to close in April 2025, subject to regulatory approvals in Germany and Austria as well as the successful implementation of the financing.
Hengeler Mueller-team for Waterland
M&A: Daniel Wiegand, Elisabeth Kreuzer (both partner), Moritz Evertz (senior associate), Maximilian Mayer, Julian Pröbstl (both associate, all Munich),
Tax: Gunther Wagner (partner), Tim Würstlin (senior associate, both Munich).
