OneFit, a leading sports and fitness platform in Europe, has successfully joined forces with its German peer, Urban Sports Club. Following the merger, OneFit and Urban Sports Club will become a European market leader in the growing sector of sports and fitness marketplaces. Urban Sports Club and OneFit expect the transaction to become effective in August 2019.
IMPROVED acted as the exclusive financial advisor to OneFit and its Shareholders on this transaction. The sports and fitness industry is undergoing rapid digitalisation in order to enhance the customer experience and to cater to new customer demands.
OneFit and Urban Sports Club are leading these developments by offering a sports and fitness platform with access to more than 10,000 work-out locations, over 50 different sports across six European countries. All through 1 flexible subscription and a fully integrated and digital environment.
Urban Sports Club is backed by premier European VCs such as Holtzbrinck Ventures, Partech Ventures and Rocket Internet. As part of the transaction, OneFit’s founders and their early backers – INKEF Capital and Peak Capital – will contribute to the enhancement of Urban Sports Club’s investor base.