Ashurst has advised Waterland Private Equity GmbH on financing the acquisition of 50 per cent of the shares of Hansefit GmbH & Co. KG. The parties agreed to not disclose the purchase price.
Bremen-based Hansefit is the market leader for corporate fitness products, with more than 1300 customers Germany-wide.
Private equity investor Waterland acquired the stake from Hansefit shareholder Stefan Runge, who left the company.
Together, Waterland and Hansefit want to lift the existing market potential by accelerating expansion and continuing to digitalise Hansefit’s services. Hansefit is in an ideal position to strengthen its market positioning due to its quality leadership and dense partner network on back of a business model, which is beneficial to everybody involved, providing access to new revenues for affiliated partners, increasing the attractiveness of corporate customers amongst employees and improving employees’ health.
German Apotheker- und Ärztebank eG is financing the acquisition.
The Ashurst team was led by finance partner Dr Bernd Egbers (picture) and senior associate Isabell Hitzer (née Pöller). They were supported by associate Franziska Sauer and paralegal Ariana Fazlic (all Banking & Finance). Tax law aspects were handled by partner Dr Martin Bünning and associate Carina Park.
Law Firms: Ashurst;
Clients: Waterland Private Equity;