Munich \u2014 Inter\u00adna\u00adtio\u00adnal law firm Weil, Gotshal & Manges LLP has advi\u00adsed funds advi\u00adsed and mana\u00adged by Oakt\u00adree Capi\u00adtal Manage\u00adment, L.P. (\u201cOakt\u00adree\u201d) on the sale of its invest\u00adment in Life\u00adFit Group to Water\u00adland Private Equity Invest\u00adments (\u201cWater\u00adland\u201d).<\/p>\n
As the previous majo\u00adrity share\u00adhol\u00adder, Oakt\u00adree is selling its shares in the Life\u00adFit Group, a leading German fitness and health plat\u00adform with more than 140 studios, inclu\u00adding the Fitness\u00adFirst, Elbgym, Barry\u2019s and Club Pila\u00adtes brands. The acqui\u00adsi\u00adtion by the buyer Water\u00adland is expec\u00adted to be comple\u00adted in the second half of 2024.<\/p>\n
The tran\u00adsac\u00adtion is expec\u00adted to be comple\u00adted in the second half of 2024. The Life\u00adFit Group is thus conti\u00adnuing to pursue the growth course it has been on since its foun\u00adda\u00adtion in 2019, which is to be inten\u00adsi\u00adfied with the new inves\u00adtor Water\u00adland<\/strong>. Since 2019, the Group\u2019s gym port\u00adfo\u00adlio has grown from 50 to more than 140 clubs in 2024, where more than 400,000 people train, making Life\u00adFit one of the leading health and fitness plat\u00adforms in Germany.<\/p>\n Advi\u00adsor Oakt\u00adree: WEIL<\/strong><\/p>\n The inter\u00adna\u00adtio\u00adnal Weil tran\u00adsac\u00adtion team was led by Munich-based private equity part\u00adner Manuel-Peter Fringer and compri\u00adsed part\u00adner Tobias Geer\u00adling (tax, Munich), part\u00adner Neil Rigby (regu\u00adla\u00adtory, London), coun\u00adsel Thomas Zimmer\u00admann (finance, Munich), Florian Wessel (private equity, Munich), Dr. Konstan\u00adtin Hoppe (IP, Munich), Stef\u00adfen Giolda (anti\u00adtrust, Munich), as well as asso\u00adcia\u00adtes Amelie Zabel, David Fier, Dr. Chris\u00adto\u00adpher Schlet\u00adter and Lucas Otto\u00adwitz (all private equity, Munich), Jannik Dutt\u00adlin\u00adger (data protec\u00adtion law, Frank\u00adfurt), Alex\u00adan\u00adder Reich, Daniel Reich (both tax law, Frank\u00adfurt), Hans-Chris\u00adtian Mick (finance, Frank\u00adfurt), Silvia Lengauer (finance, Munich), Fabian Kraupe, Benja\u00admin K\u00f6pple (both employ\u00adment law, Munich) and Daniel Mati\u00adje\u00advic (litigation\/IP, Munich).<\/p>\n About Weil About Water\u00adland<\/strong><\/p>\n Foun\u00added in 1999, the Euro\u00adpean asso\u00adcia\u00adted company Water\u00adland opera\u00adtes at 13 loca\u00adti\u00adons in eleven count\u00adries and has exten\u00adsive expe\u00adri\u00adence in the fitness and health indus\u00adtry. From 2005 to 2013, Water\u00adland inves\u00adted in the Dutch Health City\u00ad\/\u00adBa\u00adsic-Fit Group and deve\u00adlo\u00adped it into the second-largest gym opera\u00adtor in Europe. Water\u00adland also held a majo\u00adrity stake in the Exer\u00adcite Group (Hanse\u00adfit), which was deve\u00adlo\u00adped into one of the largest specia\u00adlists for corpo\u00adrate health and well\u00adness offe\u00adrings in Germany and the Nether\u00adlands and was ulti\u00adm\u00adately acqui\u00adred by the Epassi Group in Febru\u00adary 2024. Water\u00adland also curr\u00adently holds a stake in the German fitness chain FIT\/One. www.waterlandpe.com<\/p>\n","protected":false},"excerpt":{"rendered":" Munich \u2014 Inter\u00adna\u00adtio\u00adnal law firm Weil, Gotshal & Manges LLP has advi\u00adsed funds advi\u00adsed and mana\u00adged by Oakt\u00adree Capi\u00adtal Manage\u00adment, L.P. (\u201cOakt\u00adree\u201d) on the sale of its invest\u00adment in Life\u00adFit Group to Water\u00adland Private Equity Invest\u00adments (\u201cWater\u00adland\u201d). As the previous majo\u00adrity share\u00adhol\u00adder, Oakt\u00adree is selling its shares in the Life\u00adFit Group, a leading German fitness [\u2026]<\/p>\n","protected":false},"author":2,"featured_media":51686,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"wp_typography_post_enhancements_disabled":false,"footnotes":""},"categories":[886,1364,1365,1366,1368,1369,1372],"tags":[],"class_list":["post-51688","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general-en","category-featured-en","category-private-equity-en","category-news-en","category-lawyers-tax-consultants-auditors","category-investors","category-consultant"],"yoast_head":"\n
\n<\/strong>
\nWeil, Gotshal & Manges is an inter\u00adna\u00adtio\u00adnal law firm with more than 1,100 lawy\u00aders. Weil has offices in New York, Boston, Brussels, Dallas, Frank\u00adfurt, Hong Kong, Hous\u00adton, London, Miami, Munich, Paris, Shang\u00adhai, Washing\u00adton, D.C. and Sili\u00adcon Valley. In Germany, the firm has two offices and around 60 lawyers\/tax advi\u00adsors in Frank\u00adfurt and Munich. The focus here is on provi\u00adding specia\u00adli\u00adzed advice to natio\u00adnal and inter\u00adna\u00adtio\u00adnal clients on cross-border private equity and M&A tran\u00adsac\u00adtions, high-profile liti\u00adga\u00adtion manda\u00adtes, complex restruc\u00adtu\u00adrings and finan\u00adcings as well as tax struc\u00adtu\u00adring. www.weil.com<\/p>\n