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Baker Tilly provides the sports and wellness platform Urban Sports Club with financial and tax advice on the acquisition of the Austrian and Swiss market leader myClubs.
Supported by the international consulting firm Baker Tilly, the leading German platform provider for sports and wellness, Urban Sports Club, has acquired its competitor myClubs. The international Baker Tilly team led by partner Nils Klamar provided advice on financial due diligence, tax due diligence in Austria and Switzerland and support in drafting the purchase agreement. The Baker Tilly deal team comprised Dennis Labbari (Frankfurt), Manuel Kletzer (Austria) and Natalie Müller (Switzerland).
Through the strategic acquisition of the largest sports network in Austria and Switzerland, myClubs, Urban Sports Club is expanding its offering to the entire German-speaking region and is consistently utilizing the scalability of its own platform technology, which was launched by the Urban Sports Club founders and managing directors, Moritz Kreppel and Benjamin Roth, in 2012.
Urban Sports Club, Europe’s leading platform for sport and wellness, has set itself the goal of inspiring people to lead a healthy and active life with the largest and most diverse range of offers. From fitness, yoga, swimming and climbing to team sports and wellness – members can compile their own individual training plan from over 50 types of sport across Europe and check in for training via smartphone app. Together with its members and partners, Urban Sports Club is creating a diverse community that shares a common vision: to be active in a world in which the love of sports is at the forefront for everyone – anytime, anywhere. Urban Sports Club describes this as a world of inclusive and sustainable sport.
myClubs is the largest sports network in Austria and Switzerland: inspiring more people to do sports – that is myClubs’s mission! myClubs was established by Tobias Homberger in Vienna in 2014. Today, myClubs is the largest sports network in Austria and Switzerland with more than 1,200 sports providers. With 35 different types of sport, from yoga to padel tennis to the gym and boxing, myClubs offers a variety of workouts – flexible and without contractual commitment. myClubs is also the market leader for corporate fitness in Austria and Switzerland: more than 300 companies use the network to promote their employees’ fitness.
For further information on Urban Sports Club, please click here. For further information on myClubs, please click here.
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Nils Klamar
Partner
Chartered Financial Analyst (CFA)
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