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.