Capzanine sells its stake in Moving
After accelerating the development of the company, Capzanine is now selling its stake in Moving to Future French Champions, a fund jointly owned by CDC International Capital and Qatar Investment Authority.
Founded in 1985, Moving, managed and majority owned by Philippe Herbette, has been successfully leveraging its low-cost Fitness Park concept for several years with the objective of providing cuttingedge fitness equipment at competitive prices to as many people as possible.
Philippe Herbette has built up a network of more than 200 Fitness Park clubs to date, both wholly owned and licensed, thus establishing a leading position on the fast-growing French Fitness market. Capzanine and its co-investors participated in early 2017 in the purchase of shares from D&P (former minority shareholder) and in the formation of the company as part of a minority MBO alongside Philippe Herbette.
Thanks to the financial support of Capzanine, its co-investors and banking partners, the company has managed in recent years to double the size of its Fitness Park club network. It has also carried out a sustained acquisition strategy with the addition of some 15 clubs.
Bruno Bonnin, Partner at Capzanine, stated: “We are delighted to have supported Moving over the past few years and to have contributed, with the management team, to the emergence of a leader of the fitness sector in France.”
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