UK Top 50 law firm Birketts recently advised Urban Gym Group (UGG) on its acquisition of Sparring Partners Holdings, owners of the Gymbox brand.
UGG has over 40 clubs and studios in major cities across the Netherlands (Amsterdam, Rotterdam, The Hague and more) and is a pioneer in the European wellness and fitness industry. Gymbox, a London-based fitness brand, own a number of establishing gyms in inspiring locations and offers cutting-edge strength-training equipment and unique classes.
Having been at the helm for the last two decades, Gymbox’s Senior Leadership Team will be exiting the business, with UGG’s CEO Neil Randall and CFO Pascal Averdijk taking the reins to ensure a seamless integration for Gymbox into the UGG family.
The Birketts team was led by Mark Pinder (Partner, Corporate) and Alice Wooler (Senior Associate, Corporate), and supported by Macauley Alsford-White (Associate, Corporate), Harry Close (Solicitor, Corporate), Karl Pocock (Partner, Corporate Tax), Ryan Smith (Solicitor, Corporate Tax), Tom Berisford (Partner, Banking & Finance), Susan Mitchell (Legal Director, Banking & Finance), Maisie Lee (Solicitor, Banking & Finance), Nathan Yacoub (Solicitor, Banking & Finance) and Jamie Coulthard (Legal Director, Commercial Real Estate).
Neil Randall of UGG said: “We’re incredibly excited to welcome Gymbox into the Urban Gym Group portfolio. Gymbox is an iconic brand with a unique personality, and there are great synergies between our brands. Acting as our legal advisors, the team at Birketts were incredibly efficient and professional, covering all bases to ensure the successful completion of our acquisition.”
Mark Pinder added: “It has been a pleasure to advise UGG on this deal, which is an exciting chapter for the team. The combined efforts and expertise of my colleagues was crucial in achieving this successful outcome, utilising our full-service approach to bring together legal specialists across the firm. I would like to wish Neil, Pascal and the rest of the UGG Team all the best for this next step.”
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