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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.

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