Gympass US, LLC entered into a definitive agreement to acquire Urban Sports GmbH from the group of shareholders on March 25, 2025. Urban Sports Club will initially operate as a separate entity. As part of the transaction, Urban Sports Club?s co-founders and Co-CEOs, Moritz Kreppel and Benjamin Roth will continue to play an active role in Urban Sports Club while also reinvesting in the combined entity to support the joint future vision and joining Wellhub?s Global Leadership Team, bringing valuable regional expertise and industry relationships. The transaction is subject to customary regulatory closing conditions.
The transaction has been approved by Federal Cartel Office. As of September 1, 2025, CNMC approves the deal.
Simon Miremadi, Eric Crowley, Felix Lutjen, Nansi Nistorova of GP Bullhound Holdings Ltd acted as a financial advisor, Sullivan & Cromwell LLp acted as a legal advisor to Urban Sports Club. Greta-Josefin Harnisch, Hendrik Braun, Dave Gusella, Philipp Gnatzy of Kirkland & Ellis LLP acted as legal advisor to Verdane. Florian Holzner, Brigitte Körner of Flick Gocke Schaumburg GmbH WirtschaftsprÜFungsgesellschaft acted as accountant to the shareholders of Urban Sports Club on selected tax aspects of the takeover by Wellhub. Martin Ulbrich, Clemens Höhn, Thorsten Mäger, Philipp Otto Neideck, Stefanie Budde, Vera Jungkind, Matthias Rothkopf, Christian Hoefs, Sonnhild Draack, Sebastian Adam, Sebastian Heinrichs, Henning Hilke, Tobias Schubert of Hengeler Mueller Partnerschaft von Rechtsanwälten mbB acted as legal advisor to Wellhub comprehensively as lead counsel on the transaction and coordinates the transaction globally. Carsten Berrar, Bradley King, Michael Rosenthal of Sullivan & Cromwell LLP acted as legal advisor to Urban Sports Club on all legal matters.
Gympass US, LLC completed the acquisition of Urban Sports GmbH from the group of shareholders for $600 million on September 9, 2025.
Rocket Internet SE is a Germany-based company active in the investment management and fund operator industry. The Company identifies, builds, scales and retains ownership of Internet companies. It mainly operates in three sectors: e-commerce, including retail companies in the areas of fashion, general merchandise, home and living, office supplies and food groceries; marketplace, comprising companies active in fields such as real estate, travel, transport and food delivery which offer buyers and sellers venues for direct transactions, among others; and financial technology, containing companies bringing together borrowers and lenders in areas like the consumer and small and medium-sized enterprise segments. As a holding company, Rocket Internet AG holds interests in operating subsidiaries divided into regional Internet groups entailing the geographic regions Africa, Asia Pacific, Latin America and the Middle East. The Company has a controlling interest in HelloFresh GmbH.
