Sat, Feb
56 New Articles

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

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


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.

Poland Knowledge Partner

Penteris is a law firm combining in-depth expertise, robust advice, and a pan-regional reach.

We provide full-service business law advice within five sector lines: Energy & natural resources, Financial institutions, Private equity, Real estate, and Retail.

On the market since 2001, we were originally part of a Scandinavian law firm and then a founding office of a pan-Baltic organisation.

Our attorneys will work closely with you, providing you with the hard skills, service-minded know-how, and legal expertise that will keep you secure while you lead the market.

Our skills are at your disposal:

  • Expertise and passion wrapped up in a personal service
  • Close-knit team providing a multidisciplinary approach
  • Ability to listen, understand, and deliver for the tangible benefit of the client.

The team continues to be internationally recognised year on year, most recently by Chambers Global 2019, Chambers Europe 2019, and The Legal 500 EMEA 2019.

Firm's website: https://penteris.com

Our Latest Issue