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Private equity fund Resource Partners has acquired a controlling stake in World Class, the fitness chain, for an undisclosed sum, marking the funds’ first investment in Romania. The deal was structured as a management buyout.
World Class operates through a network of 11 clubs in three Romanian cities, after opening the first club in 2000. The company said it plans to continue expanding in the country.
“We believe in the company’s growth and consolidation potential in Romania, both in Bucharest and other cities. This first project in Romania is very much in line with Resource Partners’ strategy of investing in consumer oriented companies and supporting competent management teams in Central Europe,” said Dan Farcasanu, the fund’s investment director.Read more aboutIleana Gutu (EY Romania): There is a favorable context for foreign investors to have a platform for development read more
Resource Partners was advised by RTPR Allen&Overy and EY. The management team at World Class got Capital Partners and TSAA.
The private equity fund has investments in Poland and Latvia.
Ovidiu Posirca
