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Basic-Fit N.V. — M&A Activity 2018
Sep 27, 2018
3818_iss_2018-09-27_bdfe783c-ffda-4b92-be08-204d29beb6be.pdf
M&A Activity
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3I ANNOUNCES SALE OF PART OF ITS STAKE IN BASIC-FIT
Hoofddorp, 27 September 2018 - Basic-Fit has taken note of the announcement today by 3i Group plc via Mito Holdings S.à.r.l. ("3i") that it has sold a c.6.8% stake in Basic-Fit's outstanding share capital at an offer price of €30.50 per share. The disposal consisted of an overnight private placement to institutional investors. Following completion of the placement, 3i's remaining stake will be approximately 21% of Basic-Fit's outstanding share capital. 3i has committed itself to a lock-up of 90 days.
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ABOUT BASIC-FIT
With 565 clubs, Basic-Fit is the largest fitness operator in Europe. We operate in five countries and in our clubs, more than 1.7 million members can work on improving their health and fitness. Basic-Fit operates a straightforward membership model and offers a high-quality, value-for-money fitness experience that appeals to the fitness needs of all active people who care about their personal health and fitness. A typical subscription costs €19.99 and gives people access to all our clubs in Europe and a pass which can be shared with family members.
FOR MORE INFORMATION
Richard Piekaar +31 (0)6 19269499 [email protected]