VivaGym, a chain backed by Providence Equity Partners, has reached an agreement to acquire Synergym España, in what represents the largest transaction in the Spanish fitness sector and one of the most significant in Europe, subject to regulatory approval.
The announcement follows a period of strong growth for Synergym España, led since 2018 by CEO Jordi Bella. During this time, the project has been shaped by a corporate culture built around the concept “Fit Together” and the strategic goal of reaching 100 clubs within 10 years.
This target has not only been achieved, but significantly exceeded. In recent months, Synergym España has doubled that milestone, building a platform of more than 200 gyms and reaching approximately €100 million in revenue.
The company’s growth has been made possible thanks to the continued support of its shareholders — Growth Partner, Oxy Capital, and All Seas Capital — as well as financial institutions and strategic partners that have accompanied the project throughout its development phases.
The company particularly highlights the contribution of its team, known internally as “the turquoise tide,” whose work, discipline, and commitment have been key in building a highly distinctive business within the sector.
The integration into VivaGym marks the beginning of a new stage, focused on bringing together two successful companies with the aim of creating an even stronger group with greater impact in the European fitness market.
Synergym España enters this new phase with a clear commitment to collaboration and cooperation within the combined project.
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