Munich – Munich-based eGym GmbH has been granted a loan of up to EUR 25 million by the European Investment Bank (EIB), with the actual financing being provided by the European Fund for Strategic Investments. The EFSI promotes the Juncker Plan, an investment programme aimed at stimulating growth in the European single market and, by doing so, creating jobs.

A CMS team headed by lead partner Stefan-Ulrich Müller advised eGym on all legal aspects of the loan. This is not the first time the company has relied on the expertise of CMS lawyers. Most recently, CMS Germany advised eGym on two key rounds of venture capital financing. CMS also recently provided legal support for biotech company Evotec AG and medical diagnostics firm Curetis AG on their successful applications for EIB loans.

With over 200 employees, eGym develops state-of-the-art concepts for fitness studios and health-related facilities. The company now supplies more than 1,000 gyms in Germany and other European countries with its equipment and intelligent apps. eGym has offices in Germany, France, the UK, the Netherlands and Spain, as well as some other countries.

CMS Germany

Stefan-Ulrich Müller, Lead Partner
Dr Tilman Weichert, Counsel, both Corporate/Venture Capital
Dr Jens Moraht, Partner
Alexander Schmitt, Counsel, both Banking & Finance