Deloitte Legal advises VivaGym in the acquisition of Macrofit and Smartfit
Deloitte Legal has advised VivaGym in the acquisition of Macrofit and Smarfit, with the support of Providence Equity Partners, as part of the growth plan followed by the company specialized in the fitness sector.
This addition brings VivaGym’s total number of members to nearly 340,000 and increases its network to 122 centers in Spain and Portugal, with five openings in the pipeline for 2024.
VivaGym has acquired four major operators operating between Spain and Portugal in the first six months of the year – Fitness Hut in 2018, Duet Fit in late 2019, Happy Gym in 2020 and now Macro Fit and Smartfit.
Both the tax, labor and transaction teams participated in the transaction, working together as part of the E2E strategy on which Deloitte’s differential M&A service is based.
The Tax M&A team has been involved in the transaction: José María Gómez Rosende (partner, pictured left) and Covadonga Muñoz González (senior associate). On behalf of the Laboral team: Beatriz Prieto Panadero (counsel, pictured in the center). Likewise, the Transactions team was formed by: Manuel Cobo (partner, pictured right), Ignacio Muñiz (senior manager) and Alberto De Blas Montalvillo (manager).
