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Gessel and RKKW Advise on Sale of Fitness Club Network in Poland

Gessel and RKKW Advise on Sale of Fitness Club Network in Poland

Poland
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Gessel has represented the owners of the FitFabric chain of fitness clubs on the sale of its six clubs to the Fabryka Formy S.A. subsidiary of Benefit Systems S.A. RKKW – Kwasnicki, Wrobel & Partners advised the buyers on the deal.

According to Gessel, pursuant to the parties’ June 30, 2016 investment agreement, "within the first stage of the investment FitFabric will be transformed into a limited liability partnership, and then the company Fabryka Formy S.A. will purchase 30% shares in the share capital of FitFabric for PLN 3.6 million.” In the second stage, which will begin in 2020, Fabryka Formy will be entitled to purchase the rest of FitFabric's share capital a final price to be determined based on the company's financial results. 

The Gessel team was led by Partner Maciej Kozuchowski, supported by trainee Bartholomew Wozniak.

The RKKW team advising Benefit Systems in the transaction was led by Marcin Jasinski, supported primarily by Natalia Tracichleb.

Montenegro Knowledge Partner

Radonjic/Associates is a leading Montenegrin full service law firm, providing integrated legal advice on complex transactions to its clients. The Firm’s client base is a diverse range of large international corporations, international financial institutions, leading energy and construction companies in Europe, and wealthy individuals investing in Montenegro. The Firm’s work is guided by commitment to delivering a responsive, cost effective and commercially focused service. Radonjic/Associates is recognized for its quality, the reputation of its professionals, and its international outlook. Some of the Firm’s lawyers have been individually ranked as the leading lawyers in Montenegro by major legal directories such as Chambers Europe, Chambers Global, IFLR, Legal 500.

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