October 27, 2025

Netherlands-based Basic-Fit fitness, backed by 3i, acquires Germany-based Clever Fit fitness for EUR 160m plus EUR 15m earn-out, adding 493 clubs and nearly 1 million members in 7 countries and establishing market leadership in the DACH region - EV/EBITDA (2024) 11-12x

Press Release
Basic-Fit, a Netherlands-based fitness chain, has acquired German fitness operator Clever Fit for EUR 160m, with an additional earn-out of up to EUR 15m. The transaction sees Basic-Fit add 493 clubs and approximately 1 million members across seven European countries to its portfolio. This acquisition propels Basic-Fit to the position of market leader in the DACH region. ING Corporate Finance M&A advised Basic-Fit on the deal and facilitated a EUR 60m increase in acquisition financing, boosting it to EUR 180m. Clever Fit anticipates an EBITDA of EUR 14.5m in 2024, implying an EV/EBITDA (2024) of 11x or 12x incl. the earn-out. Netherlands-based Basic-Fit fitness is backed by the private equity firm 3i Private Equity. ING Corporate Finance acted as the buy-side M&A advisor, and Hogan Lovells as legal advisor to Basic-Fit.
Transaction announcement
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