IK Investment Partners' ("IK") IK2007 Fund has entered into an agreement to acquire Actic from funds managed by FSN Capital. Actic is a leading Nordic health and fitness company. Financial terms of the transaction were not disclosed. Closing of the transaction is subject to legal and regulatory approvals.
Actic has 143 health and fitness clubs and around 200,000 members in six countries. Its core markets are Sweden, Norway and Germany. In addition to this, Actic operates in Finland, Iceland and Austria. It was founded in 1981 in Sweden and acquired by FSN Capital in 2007.
Actic has leading positions in Sweden and Norway, mainly in small and medium-sized cities, with a well-established, successful concept that suits members from all age groups. The company is headed by CEO Anders Carlson and its sales were SEK 575 million in 2011.
Anders Carlson, Actic's CEO, commented: "We are excited about our plans to continue developing the Nordic region's leading health and fitness company. Actic's vision is to create a healthier society by inspiring and engaging all people to better health and increased well-being through exercise and an active lifestyle. Now we will have opportunities to continue developing the company in that direction."
Helena Stjernholm, Partner at IK and advisor to the IK2007 Fund, said: "We look forward to supporting the management team to further develop the business. The company benefits from a strong value proposition and offers clear growth opportunities, both via operational improvements and a health club roll-out programme."
For questions contact:
Anders Carlson, CEO
Phone: +46 70 859 30 33
IK Investment Partners
Helena Stjernholm, Partner
Phone: + 46 8 678 95 00
Actic is a leading health and fitness company with around 200, 000 members and 143 health and fitness clubs, operating in six markets, with Sweden as its largest market. The company's vision is to create a healthier society by inspiring people to better health and increased well-being. Actic is represented in Sweden, Norway, Finland, Iceland, Germany and Austria. Actic was founded in Sweden in 1981. For more information: www.actic.se
About IK Investment Partners
IK Investment Partners ("IK") is a Pan-European private equity firm focused on investments in three regions; the Nordics, Germany/CEE and France Benelux. Since 1989, IK Funds has invested approximately €5.6 billion in over 80 European companies. IK Funds invests with the management of mid-sized companies that have strong improvement potential, operating in the business services, care, industrial goods and consumer goods sectors. The current portfolio comprises 20 companies with total turnover of close to €7.5 billion. For more information visit: www.ikinvest.com