Early bird
tickets
available now!
Savills
Savills
Savills
Leisure Opportunities
Job search
Job Search
see all jobs
Latest job opportunities
Heritage Great Britain
c£70,000 + benefits + relocation support
Snowdonia, North Wales
Everyone Active
Competitive rates of pay
South Oxhey Leisure Centre, Watford
London South Bank University
£31,396 to £34,557, inclusive of £4,952 London Weighting
Southwark Campus
Bolton Arena
£Competitive + pension + benefits
Bolton, Greater Manchester
star job
Fife Sports and Leisure Trust Ltd
£56,107.80 - £63,165.86pa + benefits
Dunfermline, Scotland

LifeFit Group confirms Waterland Private Equity as its new investor

Oaktree is exiting after 11 years with LifeFit
Both parties are ambitious about growing LifeFit further, with the target of 200+ sites in five eyars
Waterland previously invested in Basic-Fit and currently has a stake in FIT/One
Job opportunities
Bolton Arena
£Competitive + pension + benefits
location: Bolton, Greater Manchester, United Kingdom
more jobs

German health and fitness operator, LifeFit Group, has found a new investor – Waterland Private Equity Investments. The deal is expected to complete later this year.

The investment will allow LifeFit Group to accelerate the growth strategy it has pursued since its foundation in 2019, with the backing of Oaktree Capital, which has seen the portfolio grow from approximately 50 clubs to more than 140 clubs, with more than 400,000 members.

Waterland is a European investment company with extensive experience in the health and fitness industry, having invested in Basic-Fit Group from 2005 to 2013, supporting the low-cost chain on its journey becoming the second largest health club operator in Europe.

The company also held a major stake in the Exercite Group (Hansefit) which developed into one of the largest corporate health and wellness benefit solutions providers in Germany and the Netherlands prior to its sale to the Epassi Group in February 2024. Waterland is still invested in the German gym chain FIT/One.

Waterland will help LifeFit Group become one of the leading health club operators in the region and says it believes there is still significant growth potential in the European fitness market. The existing management team, led by CEO, Martin Seibold, will continue to run the business, with Waterland as a strategic advisory partner.

Seibold said: “We're delighted to have such a competent and experienced investor as Waterland. With their expertise and financial support, we're absolutely certain we'll be able to continue along our chosen path, further strengthening our position in the market and expanding our business”.

Jörg Dreisow, supervisory board member at Waterland, says: “We're convinced of the quality and potential of LifeFit Group and look forward to working with the management team on the future of the business. We're confident our resources and commitment will further accelerate the growth of LifeFit Group”.

Outgoing investment partner, Oaktree, supported the company through the pandemic, investing more than €50 million.

LifeFit Group operates a number of brands, including Fitness First, Fitness First Black (premium), Fitness First Red (full service, best price), Elbgym (HIIT), Barry’s (boutique HIIT) The Gym Society (boutique) and – from Xponential Fitness – Club Pilates and YogaSix.

When Seibold took over as CEO, in 2017, he had a three-year plan to prepare the company for sale. In 2019 he took the bold step of making Fitness First Germany the founding brand of LifeFit Group, with the intention of establishing a leading brand in each of Germany’s fitness segments. But then the pandemic interrupted the plans, causing what Seibold describes as the most challenging period of his career.

Interviewed in HCM last year, Seibold said he wanted to make Fitness First the the strongest brand in Germany within five years, reaching more than 200 sites, with the personal dream of seeing the business through an IPO.

Sign up for FREE ezines, news alerts & magazines
German health and fitness operator, LifeFit Group, has found a new investor – Waterland Private Equity Investments. The deal is expected to complete later this year.
HAF,FIT,IND,PTS,FRN
2024/THUMB353429_219670_668446.jpg

More News

1 - 15 of 68,040
19 Jul 2024
Auberge Resorts Collection will launch its first UK property and destination spa in Mayfair, London, in 2025, following a deal with UK-based global private investment ... More
19 Jul 2024
Urban Gym Group CEO Neil Randall talks in this month’s HCM about how being passed over for promotion taught him the resilience to power through ... More
19 Jul 2024
A large new mineral springs destination has launched in Texas, inspired by some of the world’s most famous hot springs – such as Jordan’s Dead ... More
18 Jul 2024
Boxing and strength franchise UBX has taken a step closer to realising its ambitions to be the largest boxing provider in the Middle East by ... More
18 Jul 2024
Fitness International has announced the acquisition of XSport Fitness, adding to its portfolio of brands, which includes LA Fitness, Esporta Fitness, City Sports Club and ... More
18 Jul 2024
A thought-provoking, US national probability study, The WELLSurvey™, has revealed that the majority of Americans now include several health and wellness practices in their everyday ... More
Life Fitness (UK) Ltd
Life Fitness (UK) Ltd
17 Jul 2024
Community Leisure UK (CLUK) and The Richmond Group of Charities have joined forces to support charitable trusts and social enterprises in strengthening their programmes for ... More
18 Jul 2024
US integrative wellness brand The Well has named Ariella Willoughby as its new VP of operations, aiming to drive significant growth and operational success across ... More
17 Jul 2024
Mental Health Swims has been awarded almost £18,000 of lottery money to extend its mission to support mental health through swimming. The community organisation was ... More
16 Jul 2024
Employee wellness app GoJoe has teamed up with Les Mills for a major new content offering, giving access to hundreds of new workouts. The partnership ... More
16 Jul 2024
Former footballer, David Beckham, has become a strategic investor in health sciences company, Prenetics, which pioneers scientific advancements in health. The partners have co-founded a ... More
16 Jul 2024
Middleton Enterprises, a UK-based family investment office, has committed £1.6 million (US$2.1 million, €1.9 million) in funding to the Light Centre – a network of ... More
16 Jul 2024
Gymbox has partnered with Haringey Council and not-for-profit organisation, Raza Sana, to give opportunities to those living in disadvantaged communities. Yesterday (15 July) saw the ... More
15 Jul 2024
Rianna Riego, a seasoned professional in the wellness and spa industry, has been appointed director of global business development at Seed to Skin Tuscany, a ... More
15 Jul 2024
In a bid to get girls more active, Nuffield Health has launched a campaign, Move Together, encouraging parents to exercise with their daughters. Nuffield Health ... More
1 - 15 of 68,040
Savills
Savills