Filip & Company law firm has provided legal assistance to the private equity fund Mozaik Investments, through its project company M-Ventures, in relation to the acquisition of several fitness centres, structured as both share deals and asset deals, as follows: (i) the acquisition of the No1 Fitness business from Nordic Fitness Group S.R.L.; (ii) the acquisition of the shares in City Gym, a local operator owning five fitness centres in Bacău, Focșani and Roman; (iii) the acquisition of the assets of Urban Gym and Vera Wellness Gym, which operate fitness centres in Bucharest; and (iv) the acquisition of Fit4U, the largest fitness network in Oradea, which operates five fitness centres in Oradea (a transaction expected to be finalised in the coming months). These transactions form part of Mozaik Investments’ strategy to develop the Urban Fitness network, a low-cost fitness concept based on the high value, low price (HVLP) model.
Through these acquisitions, together with other clubs currently under development, the Urban Fitness network will grow to 15 locations and is set to continue its expansion through both acquisitions and organic growth, aiming to operate 25 clubs by the end of the year.
“It is always a pleasure to work alongside investors who are committed to long-term development and who recognise opportunities in markets with significant growth potential. We are delighted to have partnered with Mozaik Investments on these transactions and would like to thank them for the trust they have placed in us. We wish them every success in developing Urban Fitness and in implementing their growth plans”, said Andreea Bănică, counsel at Filip & Company.
The Filip & Company team that advised Mozaik Investments on these projects, she was coordinated by Alexandru Bîrsan (managing partner) and included in key roles Andreea Bănică (counsel), Simona Ungureanu (counsel), Lavinia Cazacu (senior associate), Georgiana Lazăr (associate) and Paola Nardelli (associate).
The lawyers at Filip & Company have had important roles in many of the key M&A transactions in Romania. Whether they were privatisations, private equity, venture capital or growth capital transactions or other complex M&A, in most of the cases, at least one of the parties was legally assisted by Filip & Company. Furthermore, the lawyers at Filip & Company are ranked first in the most prestigious international legal directories – Chambers and Partners and Legal 500 - with their M&A practice, both as a team as well as individually.
Filip & Company
Filip & Company is one of the leading law firms in Romania, providing top-quality assistance in all relevant areas of business law for companies operating in—or considering—Romania. Specialised in complex projects that require an innovative approach, Filip & Company's lawyers have significant experience in diverse areas, such as infrastructure and concessions, mergers and acquisitions, energy, corporate, real estate, competition law, finance, and capital markets, as well as labour law, data protection, and consumer or environmental protection. The firm also provides legal assistance and representation in disputes and arbitrations with significant implications for their clients’ businesses. Please visit www.filipandcompany.com to find out more about Filip & Company’s expertise areas and team.
