The Malaga-based gym chain Synergym has secured an additional €50 million in syndicated financing to drive its expansion plan. Adding the €70 million obtained in February, the total amount of the operation rises to €120 million. The company aims to reach 160 sports clubs this year and 210 in the 2026 fiscal year.

According to the company, this financing increase strengthens the "confidence" in its expansion plan from entities such as Santander, CaixaBank, BBVA, Unicaja and Oquendo Capital. "This new injection of capital will allow the company to finance its growth strategy and take another step forward in consolidating its business model based on low and flexible prices, high-quality club design with specialized fitness areas, technological innovation, and sustainable expansion throughout the country," Synergym states. The company expects to close 2025 with revenues exceeding €70 million and an EBITDA above €25 million. It also expects to finish this year with a new record of 41 openings.

Growing further in 2027

"This new agreement represents a significant step towards our goal of reaching 210 operational clubs in 2026, thereby strengthening our position in the market and paving the way for further growth in 2027. This support reflects the confidence in our results, our management, and the success of our business model," said Synergym’s CEO, Jordi Bella. The company emphasizes that its mission is to "democratize" access to physical exercise in Spain. It currently has more than 300,000 members and a team of over one thousand professionals.

Synergym’s trajectory

Since its creation in 2013, Synergym states that it has experienced "constant growth", going from opening 24 clubs in its early years to operating 148 today. The company has a diversified shareholder structure: its founders, Sergey Miteyko and Leonard Lvovich, maintain a majority stake and are backed by international investors such as All Seas Capital, Oxy Capital and Growth Partner.

Fuente: Synergym

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