FSN Capital acquires Fitness World A/S

Fitness World A/S, a Copenhagen, Denmark-based company providing fitness services, announced getting into an agreement with FSN Capital to sell the company.

The transaction, which has the financial details undisclosed, will be done with the company's founders and management, following an exclusive process. Founders and management will invest alongside FSN Capital and remain significant shareholders going forward.

Fitness World, founded in 2005 by Henrik Rossing, has 450,000 members in Denmark spread across 152 clubs and a presence in Poland with 3,000 members across 5 clubs. The company employs more than 3,300 people and provides large, well-invested clubs and a broad array of group training classes at competitive prices. Fitness World has delivered sales and EBITDA growth of 29% and 25% CAGR over the last 5 years respectively, reaching DKK 1bn in sales.