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Hedgehog Concept Ltd
Hedgehog Concept Ltd
Hedgehog Concept Ltd
Health Club Management

Health Club Management

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UNITING THE WORLD OF FITNESS
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Health Club Management

Health Club Management

News

Martin Seibold named CEO of LifeFit Group as it confirms acquisition of Smile X

We are forming a portfolio that can comprehensively serve the fitness market and offer each customer the right product
– Martin Seibold

Germany-based LifeFit Group has added regional operator Smile X to its growing portfolio of fitness brands.

Smile X, described as a “high-value-low-price” operator, currently has 17 clubs in the Saarpfalz (Saar-Palatinate) region of South West Germany – with a further five in its development pipeline. It offers members a wide selection of affordable training options, from traditional gym floors and personal training to group classes and vibration training.

Smile X will join LifeFit Group's five other brands – Fitness First Germany, Barry's Bootcamp, The Gym Society, elbgym and the fitness app NewMoove – in a growing portfolio of companies.

LifeFit Group, which is majority owned by Oaktree Capital, was set up earlier this year to acquire and operate a diverse selection of fitness operators in order to cater for different segments in the booming German market.

Long-time Fitness First executive Martin Seibold has been named CEO of LifeFit, which – following the Smile X deal – will operate nearly 90 clubs serving 275,000 members.

“The LifeFit Group has an enormous potential for growth and success," said Federico Alvarez-Demalde, senior VP at Oaktree Capital Management, manager of the funds with which LifeFit Group was founded.

"With the brands in our portfolio positioned across the growing market segments, we are in an excellent starting position to establish the LifeFit Group and turn it into the most relevant fitness and health platform in Germany."

Seibold said: “What we have already achieved in such a short time is incredible.

"The brands and their concepts are very different, which is why they complement each other to form a portfolio that can comprehensively serve the fitness market and offer each customer the right product.”

The acquisition of Smile X – for an undisclosed sum – will be financed through a €40m bond offer. The bonds, maturing in July 2023, will be listed on the Open Market of the Frankfurt Stock Exchange.

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Germany-based LifeFit Group has added regional operator Smile X to its growing portfolio of fitness brands.
HAF,FIT,IND,PTS
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‘KX’ stands for ‘the Kaizen Experience’, which means ‘change for the better’ in Japanese. It’s a philosophy that focuses on continuous improvement. We’re always seeking to improve, not only as a company but as individuals
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News

Martin Seibold named CEO of LifeFit Group as it confirms acquisition of Smile X

We are forming a portfolio that can comprehensively serve the fitness market and offer each customer the right product
– Martin Seibold

Germany-based LifeFit Group has added regional operator Smile X to its growing portfolio of fitness brands.

Smile X, described as a “high-value-low-price” operator, currently has 17 clubs in the Saarpfalz (Saar-Palatinate) region of South West Germany – with a further five in its development pipeline. It offers members a wide selection of affordable training options, from traditional gym floors and personal training to group classes and vibration training.

Smile X will join LifeFit Group's five other brands – Fitness First Germany, Barry's Bootcamp, The Gym Society, elbgym and the fitness app NewMoove – in a growing portfolio of companies.

LifeFit Group, which is majority owned by Oaktree Capital, was set up earlier this year to acquire and operate a diverse selection of fitness operators in order to cater for different segments in the booming German market.

Long-time Fitness First executive Martin Seibold has been named CEO of LifeFit, which – following the Smile X deal – will operate nearly 90 clubs serving 275,000 members.

“The LifeFit Group has an enormous potential for growth and success," said Federico Alvarez-Demalde, senior VP at Oaktree Capital Management, manager of the funds with which LifeFit Group was founded.

"With the brands in our portfolio positioned across the growing market segments, we are in an excellent starting position to establish the LifeFit Group and turn it into the most relevant fitness and health platform in Germany."

Seibold said: “What we have already achieved in such a short time is incredible.

"The brands and their concepts are very different, which is why they complement each other to form a portfolio that can comprehensively serve the fitness market and offer each customer the right product.”

The acquisition of Smile X – for an undisclosed sum – will be financed through a €40m bond offer. The bonds, maturing in July 2023, will be listed on the Open Market of the Frankfurt Stock Exchange.

Sign up for FREE ezines & magazines
Germany-based LifeFit Group has added regional operator Smile X to its growing portfolio of fitness brands.
HAF,FIT,IND,PTS
imagesX/THUMB342542_957636_185469.jpg

News

Boutique gym operator, Gymbox, faced threats of legal action over its bid to reopen on
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A number of gym operators are concerned that local lockdowns could come into effect in
Prime Minister Boris Johnson has announced that gyms may be able to reopen in a
UK consumer confidence has improved significantly since the beginning of the lockdown, with a fifth
The PGA Tour has recently bought 1,000 Whoop bands for its golfers, after PGA Tour
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Health and fitness company Ingesport – which operates the GO fit chain of gyms in
Mountainside Fitness in Arizona has filed a lawsuit against state's governor, Doug Ducey, after he
Physical activity levels in England have continued to fall from those recorded at the initial
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SIBEC
SIBEC
1 - 15 of 11,500
Features
Reopening
David Lloyd Leisure has launched a raft of outdoor classes, including an enhanced role for its Battlebox concept, as Liz Terry reports
Features
Statistics
More than 65,000 people responded to a survey designed to gauge what members want and expect from the sector after lockdown, as Leisure-net’s Dave Monkhouse reports
Features
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Working with Precor, Aberdeen Sports Village has undergone a £500k overhaul to strengthen the user experience and put digital connectivity at the core of its offering
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feature
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Jo Smallwood

general manager, Oldham Leisure Centre
We saw the opportunity to initiate new partnerships with the Oldham Foodbank to help local residents during the COVID-19 crisis. We can’t serve our community in the way we would usually do, so we’ve moved resources to help where people need us most
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Professor Zhen Yan

director of the Center for Skeletal Muscle Research, University of Virginia
Regular exercise may help people survive COVID-19
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Michael Ramsay

Founder and director, STRONG Rowformer
There’s something about the combination of fast-twitch and slow-twitch fibres working together that absolutely destroys you and gives you an almost euphoric feeling at the end of every workout
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Dr Jonathan Leary

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Featured supplier: Let's get restarted: Physical Company offers advice on keeping gym members safe
As countries around the world gear up to relax their lockdown rules, there remains a question mark over gyms and studios, which in many markets will be one of the last sectors to be given the green light.
Featured supplier news
Featured supplier: Fisikal chosen as tech partner for ‘JP4’; new health app from fitness expert, Jessie Pavelka
Fitness expert and television host, Jessie Pavelka has collaborated with Fisikal, experts in digital management solutions, to create the new JP4 app, a premium 12-week personal health and fitness transformation programme that takes the user on a journey of change through four key elements of health.
Video Gallery
Technogym mywellness app
Technogym
Improve your training experience. All your data in a single app. Read more
More videos:
Company profiles
Company profile: Matrix Fitness
Matrix strives to offer equipment that will captivate your members, is easy to maintain, and ...
Company profiles
Company profile: fibodo Limited
fibodo is the digital solution helping people lead healthier and happier lives. From grassroots individual ...
Catalogue Gallery
Click on a catalogue to view it online
Directory
Direct debit solutions
Harlands Group: Direct debit solutions
Fitness software
Go Do.Fitness: Fitness software
Gym flooring
REGUPOL/Berleburger Schaumstoffwerk (BSW): Gym flooring
Whole body cryotherapy
Zimmer MedizinSysteme GmbH / icelab: Whole body cryotherapy
Flooring
Total Vibration Solutions / TVS Sports Surfaces: Flooring
Fitness equipment
TRX Training: Fitness equipment
Design consultants
Zynk Design Consultants: Design consultants
Lockers/interior design
Fitlockers: Lockers/interior design
Locking solutions
Monster Padlocks: Locking solutions
Wearable technology solutions
MyZone: Wearable technology solutions
Property & Tenders
Greywell, Hampshire
Barnsgrove Health and Wellness Club
Property & Tenders
Derby City Council
Property & Tenders
Diary dates
21-24 Sep 2020
Loews Coronado Bay Resort, Coronado, United States
Diary dates
22-23 Sep 2020
Heythrop Park, United Kingdom
Diary dates
17-23 Oct 2020
Pinggu, Beijing, China
Diary dates
27-30 Oct 2020
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Diary dates
03-06 Nov 2020
Online,
Diary dates
27-28 Nov 2020
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Diary dates
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Diary dates
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Hedgehog Concept Ltd
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