3i’s remaining stake in Basic-Fit is approximately 6.6%
Basic-Fit N.V. (Euronext: BFIT), Europe’s largest and fastest growing fitness operator, has taken note of the announcement today by 3i Group plc via several 3i-managed entities (comprising 3i PE 2013-16 A LP, 3i PE 2013-16 B LP, 3i PE 2013-16 C LP, 3i Mito S1A LP and 3i Mito S1B LP, each managed by 3i Investments plc (collectively the “3i entities”)) that they have sold a stake of 6.8% in Basic-Fit’s outstanding share capital at an offer price of €44.25 per share.
The disposal consisted of an overnight private placement to institutional investors (“Placement”). Following the completion of the Placement, the 3i entities’ remaining stake will be approximately 6.6% of Basic-Fits’ outstanding share capital. The 3i entities have committed themselves to a lock-up of 90 days. In addition, AM Holding B.V., fully controlled by René Moos, Basic-Fit’s founder and CEO, has also agreed to the same lock-up provisions for a period of 90 days with respect to its stake. No shares were offered by AM Holding B.V. in connection with the Placement.
The remaining shares of Han Doorenbosch of the fitness chain Urban Gym Group were acquired by Jordy Kool and Marjolijn Meijer in October 2021. “We are very thankful for the interest and involvement of Han in the past years, he has helped form a business which now you couldn't picture Amsterdam without. This is a logical next step after the previous redistribution of the shares.” According to Jordy Kool, co-CEO, shareholder and chairman of the Advisory Board.
In October 2020 the previous redistribution of the shares was announced with Han Doorenbosch selling most of his shares to the other shareholders. Doorenbosch is, together with co-CEO Marjolijn Meijer, the founder of the fast-growing fitness chain TrainMore. He came up with the success formula of rewarding the members with a €1,- discount off their membership fee for every workout they do. Kool: “Han thought, like we do, that having a healthy lifestyle should be rewarded, especially in a world where doing the right thing is usually more expensive. Think about fresh food or switching to an electric car. For me, this was one of the reasons to join this company.” Meijer: “I am thankful for what Han and I created together, he had great ideas and an innovative vision in fitness. Now we will both go our own way in the fitness industry.”
Earlier this week the Urban Gym group announced the expansion to Amsterdam Noord.