Uría Menéndez Guides Providence Equity in VivaGym Expansion

Uría Menéndez has advised Providence Equity Partners in the acquisition of eight Macrofit fitness centers in the Canary Islands by VivaGym. This transaction, executed through a share deal, is Providence’s second expansion of VivaGym since its initial acquisition, for which Uría Menéndez also provided counsel.

Following the purchase of Smartfit, this new acquisition underscores Providence’s strategy to enhance VivaGym’s position as a leader in the low-cost fitness sector. Uría Menéndez’s involvement extends from the initial acquisition of VivaGym by Providence Equity Partners last April to this latest deal. The deal value remains confidential.

The advisory team included Clara Muñoz (pictured), managing associate in M&A-Private Equity; Cristina Escalona, senior associate in M&A-Private Equity; and Inés Alfaro, associate in M&A-Private Equity, all based in Madrid.