Capzanine has announced its acquisition of a minority interest in the group Moving to the sides of its leader, Philippe Grass. This operation will allow the group Moving, one of the main players in the Fitness in France, to continue his development in own and franchise on the promising sector of Fitness, thanks to the real success of the concept of ” Fitness Park “.
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Launched in the 80 and again in 2015 by Philippe Grass, the group is Moving today, more than 180 Fitness clubs and over 400,000 subscribers spread between the 21 clubs of their own (located in cities) and 162 clubs in the franchise (mainly by province). The group employs 110 people and has a turnover of 36 million euros in 2016.
The group Moving is based in particular on the great success of his concept of clubs ” Fitness Park “, Fitness clubs, low-cost offering large areas (1,000 to 3,000 m2), large opening times (6h – 23h, 7 days out of 7) and high-end equipment.
A strong Fitness market, low-cost oriented, the group hopes to double its fleet of Fitness clubs, strengthening significantly the weight of the clubs own within the group.
With the arrival of Capzanine to his capital (which takes over Development & Partnership), the support of M Capital Partners (a shareholder history) and its banking partners (BNP Paribas and CIC, ensuring the implementation of a structured finance), and under the impulse of Philippe Grass, Moving ambition to accelerate its development, quickly take strong positions and retain its subscriber base by strengthening its digital strategy.
Bruno Bonnin, Director of Capzanine says : “We are delighted to be supporting Philip and the group Moving into this new phase of development. The strengthening of the financial means of this round table is expected to accelerate the development of the Group, by the opening of new rooms in clean and free, on a market of Fitness holder and full extension. ”
Philippe Grass, group CEO, Moving, adds : “at A time when it is necessary to accelerate our growth to maintain our leading position in France, the support of a strong financial partner is a real necessity for my Group. Also, my interactions with the teams of Capzanine enabled me to appreciate a real desire to perform and a common vision for the future of the Moving. Our synergy will stimulate our growth, if necessary, on a market in full growth ! I’m just as delighted in our beautiful project, by the dynamism of which have been able to show our partner banks that share our ideas ; and, in particular, as Fitness becomes increasingly, in our society, a basic necessity “.
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LIST OF STAKEHOLDERS
Arranger and investor of the transaction : Capzanine (Christophe Karvelis, Bruno Bonnin, Olivier Guine)
Legal counsel the purchaser and Due Diligence legal, social and tax : Stl (Olivier Lopez, Anne-Laure Kerneis) / L&C (Samuel Schermann)
Co-investors : M Capital Partners (David Aversenq, Marion Laurens)
Financial Due Diligence : Advance Capital (Arnaud Vergnole, Thomas Bettan, Mehdi Adyel)
Due Diligence Strategic : OC&C (Henri-Pierre Vacher, Guy-Noël Chatelin)
Council company : 2M Corporate Finance (Michel Mauco)
Legal counsel company : Volt Associated (Emmanuel Vergnaud, Stéphane Letranchant, Alexandre Tron, Eleanor Harel, Anaïs Borel and Lucille Pothet)
Originators : Development & Partnership (Didier Calmels, Gregory Butter Dish)
Legal counsel transferors : Dillenschneider Favaro & Associés (Olivier Dillenschneider)
Senior debt : BNP Paribas (Guillaume Redaud, Valérie Bellec, Guenaelle Kerever), CIC (David Margherita, Julien Mallot), Bpifrance Financement (Florent Vallin)
Legal counsel Senior Debt : Hogan Lovells (Sabine Bironneau, Erika Hubert)
About Capzanine
Created in 2004, Capzanine is an investment Fund independent specialist investment mixed capital and private debt “, which assists companies in their growth projects and brings its know-how, financial and industrial to lead successfully the phases of the transmission or development. Capzanine invests, depending on the case, as majority shareholder, minority and/or private debt (mezzanine, consider senior, senior debt) in a range of companies, non-cô collected on the segments in small and mid-caps, valued between 20 and 400 M. Based in Paris and led by its partners, Capzanine currently has 2 billion of assets under management. Among its latest investments : European Homes, Geomedia, Pierre Guerin, Orsys, Acteon, Talan, Finance Active, Marle, Evernex, Cérélia, Opteven, …
More information : www.capzanine.com
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