Eversheds Sutherland advises Bridges-backed Viva Gym on its acquisition of Fitness Hut to create Iberian low-cost market leader
Eversheds Sutherland has advised Viva Gym (Viva), a leading Spanish low-cost gym business, on its acquisition of Fitness Hut, the leading Portuguese low-cost gym business.
The deal was led by specialist sustainable and impact investor Bridges Fund Management (Bridges). It will create the biggest low-cost fitness group in the Iberian region, with 200,000 members across 48 sites, combined revenues of over €50m, and ambitious growth plans for the next few years.