Management Buy-Out (MBO) in fitness chain Motivus.

Management Buy-Out (MBO) in fitness chain Motivus.

The current management of Kuntokumppanit Oy, better known as Motivus, has acquired the rest of the company’s shares from two Private Equity Groups, Finnish Innovation Fund Sitra and Nordia Management Oy. Kuntokumppanit, which is one of the leading providers of fitness center services in Finland, generated an annual turnover of over EUR 6 million in 2008. The company has over 60 employees in its eight different fitness centers in Helsinki and Turku.

ProMan advised the Buyer during the whole MBO process.

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Seller: 
Motivus
Industry: 
Other services
Buyer: 
Management Buy-Out
Industry: 
Other services

The current management of Kuntokumppanit Oy, better known as Motivus, has acquired the rest of the company’s shares from two Private Equity Groups, Finnish Innovation Fund Sitra and Nordia Management Oy. Kuntokumppanit, which is one of the leading providers of fitness center services in Finland, generated an annual turnover of over EUR 6 million in 2008. The company has over 60 employees in its eight different fitness centers in Helsinki and Turku.

ProMan advised the Buyer during the whole MBO process.