Fitness Hut, S.A.
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Fitness Hut, S.A. - overview
Established
2011
Location
Lisbon, -, Portugal
Primary Industry
Travel & Leisure
About
Founded in 2011 and based in Lisbon, Portugal, Fitness Hut, S. A. operates as a wellness and fitness company. The company was founded by Nick Coutts.
In January 2018, Viva Gym, a portfolio company of Magenta Partners and Bridges Fund Management, acquired Fitness Hut from Oxy Capital and The Edge Group. Fitness Hut owns and operates gyms where it offers a wide range of fitness classes, personal training, and a variety of membership options. In addition, the company also offers a mobile application for both Android and iOS users. Through the firm’s VivaHut App, users can access the gym clubs with their QR codes, book gym classes, and manage their memberships.
The company generates revenue by offering its services on a subscription-based pricing plan. The price of the plan varies from EUR 5. 16/day/club- to EUR 6. 35/day/club.
Current Investors
Bridges Fund Management, Magenta Partners, Federated Hermes
Primary Industry
Travel & Leisure
Sub Industries
Fitness & Wellness Facilities, Internet
Website
www.fitnesshut.pt
Verticals
Mobile Apps
Company Stage
Add-on
Total Amount Raised
Subscriber access only
Fitness Hut, S.A. - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Add-on, Trade Sale | Completed | Fitness Hut, S.A. | - | ||||||||
| Growth | Completed | Fitness Hut, S.A. | - | ||||||||
| Buyout | Completed | Fitness Hut, S.A. | - |
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