IK Investment Partners’ IK2007 Fund has entered into an agreement to acquire Actic from funds managed by FSN Capital.
Actic is a 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.
Anders Carlson, Actic’s chief executive, says: “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 adviser to the IK2007 Fund, says: “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.”
