International Baker Tilly team advises EGYM on acquisition of Gymlib
Baker Tilly has provided tax and business advice to German fitness start-up EGYM GmbH on its acquisition of Gymlib SAS. The purchase price for the French company is in the double-digit million range.
An international Baker Tilly team of experts around lead partner Frank Stahl, German CPA/Tax Advisor, supported EGYM in the areas of finance and tax due diligences as well as in the drafting of the purchase agreement. Stahl's team was completed by his two Munich colleagues Stefan Greger, Director, CVA, and Junior Manager Matus Bonko, CFA (both Financial DD). The French colleagues from Oratio Avocats Corinne Lecocq (Partner) and Mathilde Julienne (Manager) (both Tax DD) were involved as well. The firm is part of the international Baker Tilly network.
EGYM with its qualitrain brand and Gymlib offer subscription-based fitness and wellness solutions for companies. Employees gain access to high-quality sports and health facilities and thus benefit from improving their overall health for disease prevention and increased well-being.
EGYM is a leading global provider of smart, technology-based workout solutions for fitness and healthcare facilities. With its comprehensive range of connected fitness equipment and digital products that seamlessly integrate with third-party hardware and software, EGYM makes workouts smarter and more efficient. The result is a fitness technology ecosystem: exercisers benefit from a fully connected training inside and outside the gym with data-driven training and health outcomes. EGYM is headquartered in Munich, Germany, with additional offices throughout Europe and a US branch in Boulder, Colorado.
For further information on EGYM, please click here.