RKKW has advised Fit Invest sp. z o.o. (a subsidiary of Benefit Systems SA) on the PLN 12 million acquisition of the remaining 33.94% of shares in Fabryka Formy SA.
As a result of the transaction, Fit Invest sp. z o.o. becomes the sole shareholder of Fabryka Formy SA.
According to RKKW, "the Benefit Systems capital group is a provider of solutions in the area of non-wage employee benefits in the field of, among others, sports cards and culture and entertainment." Fabryka Formy SA (together with its subsidiary Fitness Za Rogiem sp. z o.o.) runs a network of 23 Polish fitness clubs. Earlier this year RKKW also advised Benefit Systems on the acquisition by Fabryka Formy of six health clubs from the FitFabric chain (as reported by CEE Legal Matters on July 11, 2017).
The RKKW team was led by Partner Krzysztof Wrobel and included Marcin Jasinski, Jarosław Szewczyk, and Michał Wilinski.
"It took almost a year to close the entire transaction from signing the letter of intent to concluding the binding agreement," said RKKW Managing Partner Radoslaw Kwasnicki. "Several independent entities took part in the transaction."
