NORD Holding sells all inclusive Fitness Group to a single-asset continuation fund

The continuation fund is being established by a syndicate of leading institutional secondary investors together with NORD Holding. Kline Hill Partners is acting as lead investor, supported by a strategic syndicate of institutional investors. NORD Holding and the group's management team will continue to hold significant stakes. The newly established fund will provide additional growth capital to significantly drive the company's further expansion.

With currently over 170 locations, around 650,000 members and a sustained strong operating performance, all inclusive Fitness Group is one of the most dynamic growth platforms in the German fitness market. The new ownership structure creates ideal conditions for consistently advancing the long-term growth strategy and further accelerating both location expansion and central operational initiatives. The focus is on targeted expansion in the German market based on regional clusters in order to make the best possible use of synergies and achieve the goal of over 250 locations in the coming years, as well as long-term market leadership.

NORD Holding is one of the first and most renowned German investment firms and has been active as an equity partner in the DACH region for over 55 years. Its focus is on established medium-sized companies with a strong market position or the potential to achieve such a position through joint development. Based on clearly defined growth strategies, NORD Holding supports its portfolio companies in implementing key operational and strategic priorities. The company currently holds majority stakes in more than 13 mid-sized companies and manages assets worth over EUR4bn, including its fund of funds business.

The A&O Shearman team led by partner Dr. Alexander Veith comprises senior associate Maximilian Steinhoff and associate Felix Klammt (all Corporate/M&A, all Munich), partner Dr. Heike Weber and associates Felix Palmqvist and Nico Schweitzer (all Tax, all Frankfurt), partner Dr. Börries Ahrens and senior associate Dr. Philipp Steinhaeuser (both Antitrust, both Hamburg).