Operator of Arctic Sport fitness clubs acquired by UAB Impuls LTU
In November we advised the shareholders of the operating company of Arctic Sport fitness clubs in sale of the company to UAB Impuls LTU, the operator of Lithuania’s the largest chain of fitness clubs.
This year’s estimated annual turnover of Arctic Sport clubs is 2.3 MEUR. Arctic Sport has two 2,500 square metre fitness clubs in Tallinn and Tartu.
The chain of Impuls fitness clubs includes 5 operators in the Baltic states with more than 30,000 club members and with an estimated turnover of 11 mEUR for 2015. The main shareholder of UAB Impuls LTU is the BaltCap investment fund.
The transaction will be estimated close by the end of 2015 pending the concentration clearance from the Estonian Competition Board.
The transaction was advised by TRINITI M&A team with attorney Sten Veidebaum as head of the project.