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Basic Fit (BFIT) investor relations material
Basic Fit M&A Announcement summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Deal rationale and strategic fit
Acquisition creates immediate market leadership in Germany and expands presence to 12 countries, establishing the largest fitness franchise in Europe.
Enables a dual growth engine by adding franchise management to the owned club model, supporting capital-light, scalable expansion.
Strategic fit based on compatible business models, entrepreneurial culture, and scalable club concepts.
Opportunity to consolidate European market leadership and accelerate growth in regions with low fitness penetration.
Expands geographic footprint, especially in DACH and CEE regions, leveraging franchising and technology expertise.
Financial terms and conditions
All-cash purchase price of €160 million at closing, with a potential €15 million earn-out over three years.
Financing fully committed by ABN AMRO, ING Bank, and Rabobank, maturing June 2028.
Clever Fit reported 2024 revenue of €50 million and underlying EBITDA less rent of €14.5 million; acquisition multiple is 11x EBITDA.
Synergies and expected cost savings
Significant synergy potential in technology, marketing, and operational know-how, with further details to be shared after franchisee consultations.
Overhead, including marketing, expected to decrease to 11.5%-12% of revenue.
Franchisees will benefit from enhanced real estate, marketing, equipment, and technology capabilities.
Combining scale and expertise is expected to accelerate franchise business expansion.
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