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Arle Capital Partners completes the Initial Public Offering of Technogym

The Initial Public Offering (“IPO”) of ordinary shares of Technogym, a world leading supplier of technology and design-driven products and services in the Wellness and Fitness industry, yesterday completed  for a listing on the Mercato Telematico Azionario (MTA), organised and managed by the Borsa Italiana SpA. 

Gross proceeds of EUR162.5 million will be raised by Arle for the funds it manages, by listing 25 per cent of Technogym’s share capital.  A 15 per cent stake will be retained by Arle, reducing to 11.25 per cent if the greenshoe option is fully utilised.  Arle will enter a lock-up period of 180 days from the start date of trading on the MTA. 
Javier Abad, Partner at Arle Capital Partners, says: "Arle has enjoyed a long and successful partnership with Nerio Alessandri and we are proud of Technogym’s achievements under his leadership.  It has been an honour to contribute to such progress as Board directors and financial partners and to have supported the growth initiatives launched by the company".
Richard Booth, Director at Arle Capital Partners, says: “The IPO represents another major milestone in Technogym's exciting thirty year history.  Investor interest in the IPO has been extremely high reflecting Technogym's attractive position in the growing health and wellness segment. We wish the business and its impressive team of people every success in the future.”
Founded in 1983, Technogym provides a complete range of cardio, strength and functional equipment alongside a cloud-based digital platform enabling consumers to connect with their personal wellness experience anywhere, both on Technogym equipment and via mobile apps on any device. Technogym targets 4 specific market segments: Fitness Clubs; Hospitality & Residential; Health, Corporate & Public (HCP); and Consumer. 
Technogym is the Exclusive and Official supplier of training equipment to the Rio 2016 Summer Olympic Games and also supplied the previous four Summer Olympic Games (Sydney 2000, Athens 2004, Beijing 2008 and London 2008) as well as the Turin 2006 Winter Games.
The Company employs about 2,000 people in 14 branches across Europe, the Unites States, Asia, the Middle East, Australia and South America, exporting more than 90 per cent of production to over 100 countries.

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