Actualités

The LC Fitness Group acquires new sports clubs in Puteaux (92) and Livry-Gargan (93), thanks to a €5 million financing package. This operation comes just a few months after the acquisition of 5 clubs financed by 14 million euros in debt, advised by Largillière Finance.

Founded in 2014 by Stéphane Miras, LC Fitness, headquartered in Chessy (77), specializes in the development and operation of gyms under the Fitness Park franchise in France and Spain. The Group is expanding in two ways: by opening new gyms and by acquiring new clubs in areas with strong development potential.

Based in Livry-Gargan and Puteaux, the new clubs strengthen the Group's territorial coverage. Thanks to their ideal locations and brand-new infrastructures, the two gyms should have around 10,000 subscribers within 3 years.

With these two new acquisitions, LC Fitness now heads 25 Fitness Park clubs, including 16 in France. It also runs the Fitness Park master franchise in Spain, with 24 franchisees.

Stéphane Miras, Founder of LC Fitness, comments: "We are delighted to start the year with these two strategic acquisitions, which strengthen the LC Fitness Group's position in the Paris region. In less than a year, we have made great strides, thanks in particular to a cumulative fund-raising of 19 million euros. This financing enabled us to accelerate our external growth with the acquisition of seven gyms, with a strong geographical fit. We warmly thank Largillière Finance for its support and involvement in this new financing, after having already successfully advised us during our first debt raising."

Gabriel Hainault, Director at Largillière Finance, added: "Following on from the support we provided during the financing of the last 5 acquisitions, we are delighted to continue our mission with LC Fitness. We helped them find the right financial partners. This double operation enabled them to consolidate their position in the Paris region."

Stakeholders in the operation: