Basic Fit : 3i announces sale of part of its stake in Basic-Fit
September 27, 2018 at 06:32 am EDT
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Hoofddorp, 27 September 2018 - Basic-Fit has taken note of the announcement today by 3i Group plc via Mito Holdings S.à.r.l. ('3i') that it has sold a c.6.8% stake in Basic-Fit's outstanding share capital at an offer price of €30.50 per share. The disposal consisted of an overnight private placement to institutional investors. Following completion of the placement, 3i's remaining stake will be approximately 21% of Basic-Fit's outstanding share capital. 3i has committed itself to a lock-up of 90 days.
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Basic Fit NV published this content on 27 September 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 27 September 2018 10:31:06 UTC
Basic-Fit N.V. specializes in operating a chain of fitness clubs. Net sales break down by activity as follows:
- fitness clubs operation (96.4%). At the end of 2023, the group had 3.8 million members in 1,402 clubs located in the Netherlands (237), France (781), Belgium (223), Spain (139), Germany (12) and Luxembourg (10);
- other (3.6%): personal trainer services, sale of energy drinks and nutritional bars, etc.
Net sales are distributed geographically as follows: the Netherlands (23.9%), France (48.5%), Belgium (20.3%), Spain (5.7%) and Luxembourg (1.6%).