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VivaGym

Full company profile

uuid003wk79

Namestring
VivaGym
Legal namestring
EL GYM IBERIA, S.L.U.
Websiteurl
vivagym.es
Company typeenum
Private
Founded yearint
2011
Descriptiontext

VivaGym (legal entity EL GYM IBERIA, S.L.U., headquartered in Málaga, Spain) is a High-Value Low-Price (HVLP) gym operator founded in 2011 in Barcelona. As of 2024 the company directly operates 224 fitness clubs across the Iberian Peninsula (187 in Spain, 41 in Portugal) and serves more than 500,000 individual members with a workforce of over 2,000 employees, making it the largest low-cost fitness chain in Iberia.

The core product is a no-contract monthly gym subscription starting at approximately €1 per day, with three tiers (ONE, FLEX, PRIME) that differentiate on class reservation priority windows (2h, 36h, 48h) and cross-club access. Each club offers 7 training zones, 80+ group classes per week, and operates 363 days per year. The VivaGym My App is the operational backbone: it generates personal QR codes for turnstile entry/exit, manages class reservations, hosts online workouts, nutrition plans, recipes, and personal trainer booking, and serves as the customer account interface. Add-on revenue streams include personal training, The Boxer Club boutique boxing studios, Agua Vitaminada vitamin water, and locker rental. Marketing is direct-to-consumer, primarily through the website, the mobile app, Instagram, TikTok, Facebook, and a free first-day pass acquisition mechanic.

VivaGym generates revenue through recurring monthly membership subscriptions (the dominant stream), supplemented by personal training fees, boutique boxing membership, locker rental, and ancillary services. The company follows an M&A-led expansion strategy: it acquired Fitness Hut (Portugal) in 2018, was itself acquired by Providence Equity Partners in May 2024 at an approximate €250-300M valuation, and is acquiring Synergym from All Seas Capital in a 2025/2026 transaction that will push the combined network to more than 500 clubs. The business is fully B2C with no disclosed enterprise contracts, and there is no evidence of meaningful AI/ML capability in the current product set.

Short descriptiontext

VivaGym is a High-Value Low-Price gym operator with 224+ directly-operated clubs across Spain and Portugal, serving 500,000+ individual members with no-contract subscriptions starting at approximately €1 per day via its QR-enabled mobile app.

Operating statusenum
Operating
Ownership categoryenum
Headcount rangeband
251–500
akta.pro rankint
HeadquartersMálaga, Spain
HQ citystring
Málaga
HQ countrystring
Spain
HQ regionstring
Europe
Markets served

Serves global market

Offices1 record

Each record includes

City, Country, Type, Description, Source

Keyword5 values
low-cost gym membership, fitness center chain, group fitness classes, personal training services, mobile gym access
Industry2 codes
1General Personal Training (In-Person & Virtual)
CodeHSADAAAAPrimaryYes
2Group Fitness, Personal Training & Wellness Coaching
CodeEDALAIAEPrimaryNo
NAICS code1 code
  • Fitness and Recreational Sports Centers71394
SIC code1 code
  • Services-Membership Sports & Recreation Clubs7997
Product category
Fitness Center Services
GTM motion1 record

Each record includes

Type, Description, Source

Revenue model5 records
1Gym Membership Subscriptions
TypeSubscription Recurring
Description

Recurring monthly membership fees with three tiers (ONE, FLEX, PRIME) offering different benefits including class reservation priority and number of classes per day

vivagym.com
2Personal Training
TypeProfessional Services
Description

Additional personal training services available as add-on to base membership

vivagym.com
3Locker Rental
TypeSubscription Recurring
Description

Additional amenity service for secure locker rental

vivagym.com
4The Boxer Club Boutique
TypeSubscription Recurring
Description

Premium boxing boutique experience offered as separate membership/service

vivagym.com
5Agua Vitaminada
TypeSubscription Recurring
Description

Vitamin water service available as additional service

vivagym.com
Marketing channels6 records

Each record includes

Title, Type, Stage, Description, Source

Distribution channels4 records

Each record includes

Title, Type, Scope, Target buyer, Description, Source

Cost components5 values
Personnel, Infrastructure, Operations, Marketing or Sales, Technology or R&D
Pricing details4 tiers
1Entry-level membership with basic access and 2-hour class booking window
ModelSubscriptionBilling cadenceMonthly
Notes

Basic gym access with limited class booking priority. From approximately 1 euro per day.

vivagym.com
2Mid-tier membership with 36-hour class booking priority
ModelSubscriptionBilling cadenceMonthly
Notes

Enhanced class booking window compared to ONE tier

vivagym.com
3Premium membership with 48-hour booking and 2 classes per day at any club
ModelSubscriptionBilling cadenceMonthly
Notes

Highest tier offering maximum flexibility and access across all 224+ locations

vivagym.com
4Personal training sessions available as add-on
ModelOtherBilling cadencePay-as-you-go
Notes

Add-on service to any membership tier

vivagym.com
GTM typeB2C
B2C
Offering typeServices
Services
Core offering1 text field

VivaGym operates a network of 224+ low-cost (HVLP) fitness clubs across Spain and Portugal, offering no-commitment gym memberships starting from approximately 1 euro per day. Members get access to 7 training zones, 80+ weekly group classes, extended opening hours (363 days/year), personal training, locker rentals, vitamin water add-ons, and The Boxer Club boutique boxing studios, with QR code access managed through the VivaGym MyApp mobile application.

Differentiator
Functional benefit
Problem solved
Quantifiable outcome1 of 3 values shown
  • Over 500,000 members across the Iberian Peninsula as of 2024
+2 more records
Product overview1 text field

VivaGym is a High-Value Low-Price (HVLP) gym operator operating a network of 224 gyms across Spain and Portugal, serving over 500,000 members. The core offering is no-commitment gym memberships starting at 1€ per day, providing access to 7 training zones and 80+ weekly classes. The product portfolio includes the VivaGym MyApp mobile application for QR access, class reservations, and personalized workout/nutrition plans. Membership tiers include ONE Experience (premium) with various pricing options (Cuota ONE, Cuota FLEX, Cuota PRIME). Add-on services include Personal Training, The Boxer Club boutique studios, Agua Vitaminada, and locker rental. VivaGym has expanded through acquisitions including Fitness Hut (Portugal, 2018) and Synergym (2024).

Product and service7 records
1VivaGym Gym Membership
CategoryCore Fitness Membership
Description

Core low-cost gym membership providing access to 224+ VivaGym clubs across Spain and Portugal with no contract commitment (sin permanencia), 7 training zones, 80+ weekly classes (dance, cardio, strength), QR code entry, and extended opening hours of 363 days per year. Available in three subscription tiers (ONE, FLEX, PRIME) starting from approximately 1 euro per day.

2VivaGym MyApp
CategoryMobile Application
Description

Mobile application enabling QR code access to gyms via turnstiles, class reservations with priority windows by tier, online workouts, personalized training and nutrition plans, recipe access, personal trainer booking, and customer account management.

3Personal Training
CategoryAdd-on Service
Description

Personal training sessions with certified trainers, available as a paid add-on to any VivaGym membership tier and bookable through the VivaGym MyApp.

4The Boxer Club
CategoryBoutique Sub-brand
Description

Boutique boxing studio sub-brand offering specialized boxing training experiences separate from the standard VivaGym gym membership, marketed as a premium boutique fitness offering.

5Agua Vitaminada
CategoryAdd-on Service
Description

Vitamin-infused water service offered as an additional subscription/add-on product available to VivaGym members at club locations.

6Locker Rental (Alquiler de Taquillas)
CategoryAdd-on Service
Description

Secure locker rental service for members to store personal belongings during workouts, sold as an add-on subscription at VivaGym locations.

7Fitness Hut
CategoryAcquired Gym Brand
Description

Leading low-cost gym chain in Portugal, majority-owned by VivaGym since 2018, operating its own branded clubs and serving as the Portuguese arm of VivaGym's Iberian footprint.

Scale indicator10 records

Each record includes

Type, Value, Description, Source

Partnership2 partners
Strategic tierCoreTypeStrategic or Co-development PartnerAnnounced on2026-04-27
Description

VivaGym acquired Synergym from All Seas Capital. The transaction, pending regulatory approval, combines Synergym's 166 club sites with VivaGym's existing network, creating a combined entity of more than 500 clubs across Spain and Portugal. Under All Seas Capital ownership since 2024, Synergym grew from 96 to 166 sites with revenue increasing over 100%.

Strategic tierCoreTypeStrategic or Co-development PartnerAnnounced on2018-01-01
Description

In 2018, VivaGym acquired the majority of shares in Fitness Hut, the leading gym company in Portugal. This acquisition established VivaGym as the leader in the Iberian fitness market with more than 60 centers open at that time.

Recent move8 records

Each record includes

Date, Type, Title, Description, Source

Expansion highlight6 records

Each record includes

Type, Description

Peers10 records
TypeDirect peer
Description

UK-listed low-cost gym operator with 240+ sites, focused on the same HVLP consumer segment. Comparable subscription model, no-contract sign-up, and tech-enabled member experience.

TypeBroad incumbent
Description

Established premium-mid-tier global gym chain with member clubs across Europe and Asia. Comparable fitness-center operations but positioned upmarket from VivaGym's low-cost offering.

TypeDirect peer
Description

UK-headquartered low-cost gym chain with 600+ locations across the UK and Middle East. Closely aligned no-frills, high-value model targeting price-sensitive consumers with multi-site rollout.

TypeDirect peer
Description

Europe's largest low-cost gym operator with 1,400+ clubs across multiple countries. Direct competitor to VivaGym's HVLP positioning, subscription-only memberships, and rapid Iberian/Pan-European expansion strategy.

TypeDirect peer
Description

Global 24/7 low-cost fitness franchise with 1,000+ locations. Comparable subscription-based, tech-enabled (member app) model targeting everyday consumers seeking convenient access.

TypeDirect peer
Description

Spanish low-cost fitness operator operating mid-sized clubs in Spain and Portugal. Direct competitor in the Iberian Peninsula with similar mass-market accessibility positioning.

TypeDirect peer
Description

Pioneer of European low-cost gym chains, operating under multiple brands (McFIT, JOHN REED, High5). Directly comparable subscription-based model with significant presence in Spain and Portugal.

TypeEmerging player
Description

Latin America's largest low-cost gym operator (1,000+ units) launched via private equity backing. Comparable HVLP unit economics and aggressive consolidation strategy in emerging markets.

TypeBroad incumbent
Description

Mid-market fitness chain with hundreds of locations, primarily in the Americas. Operates a tiered membership model similar to VivaGym's ONE/FLEX/PRIME structure.

TypeBroad incumbent
Description

Premium European health club chain operating across multiple countries including Spain and Portugal. Provides a similar full-service club offering (gym, classes, PT) but at a premium price point above VivaGym.

Market position
Strengths5 records

Each record includes

Headline, Details, Source

Weaknesses5 records

Each record includes

Headline, Details, Source

Competitive moat5 records

Each record includes

Type, Details

Key risks6 records

Each record includes

Headline, Details, Source

Key highlights6 records

Each record includes

Headline, Details, Source

Customer concentration

Classification, Details

Named customers1 record

Each record includes

Name, Industry, Type, Use case, Source, UUID

Segment1 record

Each record includes

Title, Type, Primary, Description, Pain point addressed, Use case, Source

Ideal customer profile1 record

Each record includes

Profile, Firmographic size, Sales motion, Sales cycle length, Buying structure, Purchase trigger, Buyer persona, Geography, Industry vertical, Primary use case, Description, Pain points, Evidence proof points, Target buyer

Technology focused
No
API detail
Has APIbool
No

Docs URL, Description

AI maturity
App detail

Has app

Feature3 records

Each record includes

Title, Differentiator, Description, Source

Core technology
Revenue estimate
Valuation estimate
Number of profiles
Profiles1 record

Each record includes

Name, Designation, Designation category, Overview, Profile commentary, Source

Subsidiaries2 records

Each record includes

Name, Acquired on, Relationship type, Type, Business focus

Compliance1 record

Each record includes

Name, Class, Description

Funding overview

Funding stage, Last funding date, Total funding USD

Funding rounds

Each record includes

Round, Amount USD, Date, Pre money valuation, Total investors, Investors, News

Investors

Each record includes

Name, Type, Date of entry, Rounds participated, Website

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A2 records

Each record includes

Name, Acquisition type, Announced date, Completed date, Status, Website, News

Investment

Each record includes

Name, Round, Announced date, Lead investor, Website, News

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

VivaGym

Fitness Center Servicesvivagym.es

VivaGym is a High-Value Low-Price gym operator with 224+ directly-operated clubs across Spain and Portugal, serving 500,000+ individual members with no-contract subscriptions starting at approximately €1 per day via its QR-enabled mobile app.

What VivaGym does

VivaGym (legal entity EL GYM IBERIA, S.L.U., headquartered in Málaga, Spain) is a High-Value Low-Price (HVLP) gym operator founded in 2011 in Barcelona. As of 2024 the company directly operates 224 fitness clubs across the Iberian Peninsula (187 in Spain, 41 in Portugal) and serves more than 500,000 individual members with a workforce of over 2,000 employees, making it the largest low-cost fitness chain in Iberia.

The core product is a no-contract monthly gym subscription starting at approximately €1 per day, with three tiers (ONE, FLEX, PRIME) that differentiate on class reservation priority windows (2h, 36h, 48h) and cross-club access. Each club offers 7 training zones, 80+ group classes per week, and operates 363 days per year. The VivaGym My App is the operational backbone: it generates personal QR codes for turnstile entry/exit, manages class reservations, hosts online workouts, nutrition plans, recipes, and personal trainer booking, and serves as the customer account interface. Add-on revenue streams include personal training, The Boxer Club boutique boxing studios, Agua Vitaminada vitamin water, and locker rental. Marketing is direct-to-consumer, primarily through the website, the mobile app, Instagram, TikTok, Facebook, and a free first-day pass acquisition mechanic.

VivaGym generates revenue through recurring monthly membership subscriptions (the dominant stream), supplemented by personal training fees, boutique boxing membership, locker rental, and ancillary services. The company follows an M&A-led expansion strategy: it acquired Fitness Hut (Portugal) in 2018, was itself acquired by Providence Equity Partners in May 2024 at an approximate €250-300M valuation, and is acquiring Synergym from All Seas Capital in a 2025/2026 transaction that will push the combined network to more than 500 clubs. The business is fully B2C with no disclosed enterprise contracts, and there is no evidence of meaningful AI/ML capability in the current product set.

VivaGym firmographics

Firmographics
Name
VivaGym
Legal name
EL GYM IBERIA, S.L.U.
Website
https://vivagym.es
Company type
Private
Founded year
2011
Operating status
Operating
Headcount range
251–500 employees
Short description
VivaGym is a High-Value Low-Price gym operator with 224+ directly-operated clubs across Spain and Portugal, serving 500,000+ individual members with no-contract subscriptions starting at approximately €1 per day via its QR-enabled mobile app.
Ownership category
akta.pro rank

VivaGym industry classification

Industry
Product category
Fitness Center Services
NAICS
Fitness and Recreational Sports Centers (71394)
SIC
Services-Membership Sports & Recreation Clubs (7997)
akta.pro primary industry
General Personal Training (In-Person & Virtual) (HSADAAAA)
akta.pro secondary industry
Group Fitness, Personal Training & Wellness Coaching (EDALAIAE)

Keywords

  • Low-cost gym membership
  • Fitness center chain
  • Group fitness classes
  • Personal training services
  • Mobile gym access

Where VivaGym is headquartered

Location

Headquarters

HQ city
Málaga
HQ country
Spain
HQ region
Europe

Offices1 record

Markets served

VivaGym business model

Business model
GTM type
B2C
Offering type
Services
Cost components
Personnel, Infrastructure, Operations, Marketing or Sales, Technology or R&D

Revenue model

  1. Gym Membership Subscriptions: Recurring monthly membership fees with three tiers (ONE, FLEX, PRIME) offering different benefits including class reservation priority and number of classes per day
  2. Personal Training: Additional personal training services available as add-on to base membership
  3. Locker Rental: Additional amenity service for secure locker rental
  4. The Boxer Club Boutique: Premium boxing boutique experience offered as separate membership/service
  5. Agua Vitaminada: Vitamin water service available as additional service

Pricing tiers

ModelBillingPrice
SubscriptionMonthlyEntry-level membership with basic access and 2-hour class booking window
SubscriptionMonthlyMid-tier membership with 36-hour class booking priority
SubscriptionMonthlyPremium membership with 48-hour booking and 2 classes per day at any club
OtherPay-as-you-goPersonal training sessions available as add-on

Go-to-market motion1 record

Distribution channels4 records

Marketing channels6 records

VivaGym product offering

Product offering

Core offering

VivaGym operates a network of 224+ low-cost (HVLP) fitness clubs across Spain and Portugal, offering no-commitment gym memberships starting from approximately 1 euro per day. Members get access to 7 training zones, 80+ weekly group classes, extended opening hours (363 days/year), personal training, locker rentals, vitamin water add-ons, and The Boxer Club boutique boxing studios, with QR code access managed through the VivaGym MyApp mobile application.

Product overview

VivaGym is a High-Value Low-Price (HVLP) gym operator operating a network of 224 gyms across Spain and Portugal, serving over 500,000 members. The core offering is no-commitment gym memberships starting at 1€ per day, providing access to 7 training zones and 80+ weekly classes. The product portfolio includes the VivaGym MyApp mobile application for QR access, class reservations, and personalized workout/nutrition plans. Membership tiers include ONE Experience (premium) with various pricing options (Cuota ONE, Cuota FLEX, Cuota PRIME). Add-on services include Personal Training, The Boxer Club boutique studios, Agua Vitaminada, and locker rental. VivaGym has expanded through acquisitions including Fitness Hut (Portugal, 2018) and Synergym (2024).

Differentiator

Problem solved

Functional benefit

Products and services

  • VivaGym Gym Membership Core low-cost gym membership providing access to 224+ VivaGym clubs across Spain and Portugal with no contract commitment (sin permanencia), 7 training zones, 80+ weekly classes (dance, cardio, strength), QR code entry, and extended opening hours of 363 days per year. Available in three subscription tiers (ONE, FLEX, PRIME) starting from approximately 1 euro per day.
  • VivaGym MyApp Mobile application enabling QR code access to gyms via turnstiles, class reservations with priority windows by tier, online workouts, personalized training and nutrition plans, recipe access, personal trainer booking, and customer account management.
  • Personal Training Personal training sessions with certified trainers, available as a paid add-on to any VivaGym membership tier and bookable through the VivaGym MyApp.
  • The Boxer Club Boutique boxing studio sub-brand offering specialized boxing training experiences separate from the standard VivaGym gym membership, marketed as a premium boutique fitness offering.
  • Agua Vitaminada Vitamin-infused water service offered as an additional subscription/add-on product available to VivaGym members at club locations.
  • Locker Rental (Alquiler de Taquillas) Secure locker rental service for members to store personal belongings during workouts, sold as an add-on subscription at VivaGym locations.
  • Fitness Hut Leading low-cost gym chain in Portugal, majority-owned by VivaGym since 2018, operating its own branded clubs and serving as the Portuguese arm of VivaGym's Iberian footprint.

Quantifiable outcome

  • Over 500,000 members across the Iberian Peninsula as of 2024
  • +2 more outcomes

Companies that use VivaGym

Customer profile

Named customers1 record

Segments1 record

Ideal customer profiles1 record

VivaGym technology and API

Technology

Technology focussed No

API detail

Has API
No
API docs
API detail

Core technology

AI maturity

App detail

Feature3 records

VivaGym partnerships and signals

Strategic signal

Partnerships

Two partnerships are on record, tiered core.

  • SynergymcoreStrategic or Co-development Partner · 27 April 2026VivaGym acquired Synergym from All Seas Capital. The transaction, pending regulatory approval, combines Synergym's 166 club sites with VivaGym's existing network, creating a combined entity of more than 500 clubs across Spain and Portugal. Under All Seas Capital ownership since 2024, Synergym grew from 96 to 166 sites with revenue increasing over 100%.
  • Fitness HutcoreStrategic or Co-development Partner · 1 January 2018In 2018, VivaGym acquired the majority of shares in Fitness Hut, the leading gym company in Portugal. This acquisition established VivaGym as the leader in the Iberian fitness market with more than 60 centers open at that time.

Scale indicators10 records

Recent moves8 records

Expansion highlights6 records

VivaGym competitors and assessment

Company assessment

Direct peers

  • The Gym Group: UK-listed low-cost gym operator with 240+ sites, focused on the same HVLP consumer segment. Comparable subscription model, no-contract sign-up, and tech-enabled member experience.
  • PureGym: UK-headquartered low-cost gym chain with 600+ locations across the UK and Middle East. Closely aligned no-frills, high-value model targeting price-sensitive consumers with multi-site rollout.
  • Basic-Fit: Europe's largest low-cost gym operator with 1,400+ clubs across multiple countries. Direct competitor to VivaGym's HVLP positioning, subscription-only memberships, and rapid Iberian/Pan-European expansion strategy.
  • Snap Fitness: Global 24/7 low-cost fitness franchise with 1,000+ locations. Comparable subscription-based, tech-enabled (member app) model targeting everyday consumers seeking convenient access.
  • GO fit: Spanish low-cost fitness operator operating mid-sized clubs in Spain and Portugal. Direct competitor in the Iberian Peninsula with similar mass-market accessibility positioning.
  • McFit (RSG Group): Pioneer of European low-cost gym chains, operating under multiple brands (McFIT, JOHN REED, High5). Directly comparable subscription-based model with significant presence in Spain and Portugal.

Broad incumbents

  • Fitness First: Established premium-mid-tier global gym chain with member clubs across Europe and Asia. Comparable fitness-center operations but positioned upmarket from VivaGym's low-cost offering.
  • Crunch Fitness: Mid-market fitness chain with hundreds of locations, primarily in the Americas. Operates a tiered membership model similar to VivaGym's ONE/FLEX/PRIME structure.
  • Holmes Place: Premium European health club chain operating across multiple countries including Spain and Portugal. Provides a similar full-service club offering (gym, classes, PT) but at a premium price point above VivaGym.

Emerging players

  • Smart Fit: Latin America's largest low-cost gym operator (1,000+ units) launched via private equity backing. Comparable HVLP unit economics and aggressive consolidation strategy in emerging markets.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

VivaGym social profiles

Digital presence

VivaGym compliance and trust

Trust signal

Compliance1 record

VivaGym financial estimates

Financial estimate

Revenue estimate

Valuation estimate

VivaGym leadership team

Management profile

Number of profiles

Profiles1 record

VivaGym subsidiaries and ownership

Company hierarchy

Subsidiaries2 records

VivaGym funding detail

Funding detail

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

VivaGym M&A and investment

M&A and investment

M&A2 records

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about VivaGym

What does VivaGym do?

VivaGym operates a network of 224+ low-cost (HVLP) fitness clubs across Spain and Portugal, offering no-commitment gym memberships starting from approximately 1 euro per day. Members get access to 7 training zones, 80+ weekly group classes, extended opening hours (363 days/year), personal training, locker rentals, vitamin water add-ons, and The Boxer Club boutique boxing studios, with QR code access managed through the VivaGym MyApp mobile application.

Is VivaGym a public or private company?

VivaGym is a private company. It is classified as private equity controlled and is currently operating.

When was VivaGym founded?

VivaGym was founded in 2011. It employs 251 to 500 people.

Where is VivaGym based?

VivaGym is headquartered in Málaga, Spain, in the Europe region.

How does VivaGym make money?

Five revenue lines are on record. Gym Membership Subscriptions are the primary driver. The others are personal Training, locker Rental, the Boxer Club Boutique and agua Vitaminada.

Who are VivaGym's main competitors?

Direct peers on record are The Gym Group, PureGym, Basic-Fit, Snap Fitness, GO fit and McFit (RSG Group). Broad incumbents are Fitness First, Crunch Fitness and Holmes Place. Smart Fit is listed as an emerging player.

Does VivaGym have an API?

No public API is recorded for VivaGym.

What industry is VivaGym in?

VivaGym's product category is Fitness Center Services. Its primary akta.pro industry code is HSADAAAA, General Personal Training (In-Person & Virtual), with a secondary code of EDALAIAE, Group Fitness, Personal Training & Wellness Coaching. Its NAICS code is 71394 and its SIC code is 7997.

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Live signals
Essential-businessVivaGym to invest €100 million on 100 gyms in Portugal by 2030VivaGym plans to invest €100 million to open 100 gyms in Portugal by 2030, doubling its current 46-gym network. The company aims to open 10-15 gyms annually, with contracts for first openings already finalized. It sees Portugal's 8.2% fitness penetration below the EU average as growth potential.WebcapitalriesgoVivaGym, propiedad de Providence, compra los gimnasios de SynergymVivaGym, owned by Providence Equity Partners, agreed to acquire Spanish fitness operator Synergym, creating a platform with over 450 clubs in Spain and Portugal. Synergym reported €50.2 million in 2024 revenue, and the deal is pending regulatory approval.ProvequityVivaGym Acquires Synergym to Accelerate its Long-Term Growth in IberiaVivaGym signed a binding agreement to acquire Synergym, a Spanish gym operator with over 160 clubs. The deal, subject to regulatory approval, will create a network of more than 450 clubs across Spain and Portugal. The combined platform aims to improve member experience and drive long-term growth.SGB Media OnlineEXEC: Spain’s VivaGym Acquires SynergymVivaGym, owned by Providence Equity Partners, agreed to acquire Synergym International, adding over 450 fitness clubs in Spain and Portugal. The deal, subject to regulatory approval, combines VivaGym's 450+ clubs with Synergym's 166 locations. The companies aim to expand their Iberian market presence.TheatomicinvestorPrivate Equity Gains at your local gymProvidence Equity Partners is consolidating the European fitness market through Vivagym, which completed its fifth acquisition of Fitup in Spain in 2024 to become the fourth-largest operator in the country. The article highlights a broader trend of private equity investment in fragmented wellness sectors, citing secular growth drivers and operational synergies as key value creation levers. Additionally, it notes that Basic Fit is facing pressure from shareholders to explore strategic alternatives, such as a sale or buyback, due to valuation discounts.ProvequityProvidence Completes Acquisition of VivaGymProvidence Equity Partners has completed the acquisition of VivaGym Group from Bridges Fund Management, a deal first announced in April 2024. As part of this transaction, VivaGym will leverage Providence's resources to execute an expansion strategy across the Iberian Peninsula while maintaining its current management team. Ares Management Corporation continues to serve as the company's primary lender during this transition.Leisure Opportunities JobsProvidence Equity Partners takes control of VivaGym and its Fitness Hut brandProvidence Equity Partners has acquired a majority stake in VivaGym from Bridges Fund Management, taking control of the low-cost gym operator and its Fitness Hut brand. Headquartered in Malaga, VivaGym operates 104 gyms across Spain and Portugal with 315,000 members and plans to expand under the new ownership structure. The transaction marks Bridges Fund Management's exit as a shareholder while VivaGym's management team will continue to lead the business alongside Providence and Ares Management Corporation.