Latest
issue
GET HCM
magazine
Sign up for the FREE digital edition of HCM magazine and also get the HCM ezine and breaking news email alerts.
Not right now, thanksclose this window I've already subscribed!
We Work Well Events
We Work Well Events
We Work Well Events
Follow Health Club Management on Twitter Like Health Club Management on Facebook Join the discussion with Health Club Management on LinkedIn Follow Health Club Management on Instagram
FITNESS, HEALTH, WELLNESS

Latest news

Rene Moos snaps up RSG’s Spanish clubs – adds them to the Basic-Fit portfolio

Basic-fit has acquired RSG's Spanish portfolio for €50m
The deal gives CEO Rene Moos 42 McFit clubs and five Holmes Place
Vivagym was also thought to be in the negotiations
The deal gives Basic-Fit market leadership in Iberia
We expect the acquisition to be accretive to the underlying earnings in 2024
– Rene Moos, CEO, Basic-Fit
Credit: Basic Fit

Basic-Fit has acquired RSG Group’s Spanish portfolio of 47 clubs for €50m.

RSG had signalled its intention to exit the Spanish market back in March this year and various parties have been in negotiation, including Vivagym and its backer, Bridges Ventures who lost out to Basic-Fit in the race to dominate in Iberia.

The deal gets Basic-Fit 42 McFit locations and five Holmes Place clubs, which it says it will rebrand and fully integrate into its portfolio by the end of 2024.

Although McFit would appear to represent a straightforward conversion to the Basic-Fit model, there are some questions about whether the Holmes Place locations – which are luxury health clubs – will be retained as a more high-end offering or perhaps sold on.

RSG had only acquired the Holmes Place clubs in July 2021 when the Fisher family sold them to focus their funds on growing the TRIB3 franchise, however, the untimely death of Rainer Schaller in October 2022 set the company on a different path and it has made some alterations to its portfolio since then.

RSG Spain reported revenue of €39 million in 2022 and Basic-Fit CEO, Rene Moos expects the acquisition to deliver a return on capital invested of at least 30 per cent by 2026, with an immediate impact being felt from 2024 onwards.

“As we will leverage our technologies over the new clubs and integrate them into our network, we expect the acquisition to be accretive to the underlying earnings in 2024,” said Moos.

The deal will give Basic-Fit a market-leader position in Spain and strengthen its cluster model. Moos said: “With the intended acquisition, we’ll strengthen our position in Spain by adding 47 clubs to the 140 we currently have, while also growing our positions in several important regional markets.

“In Barcelona, for example, we’ll increase the number of clubs from two to nine, which fits our cluster strategy, enabling us to offer our members an increasing number of clubs to work out in, conveniently located near where they live or work.”

Members of the 47 RSG clubs will be given access to the Basic-Fit network, including the app, virtual group classes and the 140 existing clubs.

Basic-Fit’s syndicate of banks has committed a further €110 million to fund both the deal and the club refurbishments, while also increasing the company’s financial headroom.

Terms and conditions of the bank facilities remain unchanged, with no hike in interest rates, indicating the financial markets are stabilising.

The agreement is subject to clearance from the Spanish competition authority which will scrutinise the transaction to ensure it doesn’t give Basic-Fit too great a market share. The deal is expected to complete in Q1 of 2024 if it clears the process.

Basic-Fit is the fastest-growing operator in Europe, with 1,400 clubs and counting.

It has scaled at a breathtaking rate, having built a powerful roll-out 'machine' and so far has a strong market position in its native Netherlands, with operations in Belgium, Luxenbourg, Germany, France and Spain.

It has not yet tackled the UK market, but if it did so, it would likely be by acquisition.

Related news

RSG Group considering the sale of its Spanish gym portfolio

07 Mar 2023
RSG Group is considering the sale of its Spanish clubs, which include more than 40 ...

The late Rainer Schaller will be succeeded by Hagen Wingertszahn and Dr Jobst Müller-Trimbusch as co-CEOs at RSG Group

19 Dec 2022
RSG Group has announced that Hagen Wingertszahn and Dr Jobst Müller-Trimbusch will take over the ...

Rainer Schaller and his family presumed dead in a plane crash in Costa Rica

22 Oct 2022
Rainer Schaller, founder and CEO of RSG group and his partner and two children are ...
Basic-Fit has acquired RSG’s Spanish portfolio of 47 clubs for €50m.
PTS,HAF,FIT,IND,PTS,PHR
2023/THUMB352373_748990_962728.jpg
Latest News
Operator Circadian Trust has launched a five-year growth drive designed to support health and wellbeing ...
Latest News
Norwegian health club operator, Treningshelse Holding, which owns the Aktiv365 and Family Sports Club fitness ...
Latest News
The HCM team were busy at the recent FIBO Global Fitness event in Cologne, Germany, ...
Latest News
Atlanta-based boutique fitness software company, Xplor Mariana Tek, has kicked off a push for international ...
Latest News
The Global Wellness Institute (GWI) has released new data on the US’ wellness economy, valuing ...
Latest News
The fitness sector’s pivot to active wellbeing is being discussed in a new weekly podcast, ...
Latest News
Planet Fitness has a new CEO – Colleen Keating. She will take up the position ...
Latest News
UK Active has announced details of its annual health and fitness industry awards ceremony, which ...
HCM promotional features
Sponsored
The partnership between PureGym and Belfast-based supplier BLK BOX is transforming the gym floor
HCM promotional features
Sponsored
Nuffield Health has worked with ServiceSport UK for more than ten years, ensuring the equipment in its clubs is commercially optimised
HCM promotional features
Sponsored
D2F had updated its brand styling to keep pace with business growth. MD, John Lofting and operations director, Matt Aynsley, explain the rationale
HCM promotional features
Sponsored
University of Sheffield Sport has opened the doors of its flagship Goodwin Sports Centre following a major refurbishment
HCM promotional features
Sponsored
Francesca Cooper-Boden says health assessment services can boost health club retention
HCM promotional features
Sponsored
Operators, prepare to revolutionise the way members connect with personal trainers in your club, with the ground-breaking Brawn platform.
HCM promotional features
Sponsored
GymNation is pioneering the future of fitness with software specialist Perfect Gym providing a scalable tech platform to power and sustain its growth
HCM promotional features
Sponsored
Epassi, a provider of workplace wellness benefits, is creating a fitter and more productive workforce, one membership at a time 
HCM promotional features
Sponsored
The New Keiser M3i Studio Bike brings ride data to life to engage and delight members
HCM promotional features
HCM magazine
Members are telling us they need support with their mental and spiritual health and the industry is starting to see this need. Now’s the time to fast-track our response
HCM magazine
HCM People

Dr Jonathan Leary

Founder, Remedy Place
It was as though the whole world woke up at the same time
HCM magazine
HCM People

Cristiano Ronaldo

Footballer and entrepreneur
Taking care of your physical and mental health is essential for a fulfilling life
HCM magazine
Egym has announced deals designed to position it for growth acceleration, as Kath Hudson reports
HCM magazine
Imposter syndrome about a promotion taught the CEO of SATS that behaving authentically is the most important part of leadership. He talks to Kath Hudson
Featured supplier news
Featured supplier news: Webinar: Building a new energy future for the leisure sector
As one of the most energy-intensive industries in the UK, leisure facilities face a critical challenge in balancing net zero goals, funding and increased costs.
Featured supplier news
Featured supplier news: Study Active acquires Premier Global name and select branding assets
Study Active has legally acquired the name “Premier Global” and select Premier Global branding assets from Assessment Technologies Institute LLC, part of Ascend Learning in the US.
Company profiles
Company profile: Precor
Precor has been a pioneer in delivering fitness experiences for commercial customers for more than ...
Company profiles
Company profile: ukactive
ukactive is the UK’s leading not-for-profit membership body for the physical activity sector, bringing together ...
Supplier Showcase
Supplier showcase - Jon Williams
Catalogue Gallery
Click on a catalogue to view it online
Featured press releases
Power Plate UK press release: Power plate + red light therapy: life-changing ‘biostacking’
“We combine Power Plate and red light therapy in all our small group classes,” says Natt Summers, founder and owner of Accomplish Fitness in Hungerford, Berkshire.
Featured press releases
Zoom Media press release: Zoom Media expands partnership with Fitness4less
Zoom Media, the UK's leading provider of health and fitness digital media, has announced a new contract with Fitness4Less to deliver Out of Home advertising across its estate.
Directory
Spa software
SpaBooker: Spa software
Salt therapy products
Himalayan Source: Salt therapy products
Flooring
Total Vibration Solutions / TVS Sports Surfaces: Flooring
Snowroom
TechnoAlpin SpA: Snowroom
Cryotherapy
Art of Cryo: Cryotherapy
Lockers
Crown Sports Lockers: Lockers
Property & Tenders
Loughton, IG10
Knight Frank
Property & Tenders
Grantham, Leicestershire
Belvoir Castle
Property & Tenders
Diary dates
22-24 Apr 2024
Galgorm Resort, York,
Diary dates
10-12 May 2024
China Import & Export Fair Complex, Guangzhou, China
Diary dates
23-24 May 2024
Large Hall of the Chamber of Commerce (Erbprinzenpalais), Wiesbaden, Germany
Diary dates
30 May - 02 Jun 2024
Rimini Exhibition Center, Rimini, Italy
Diary dates
08-08 Jun 2024
Worldwide, Various,
Diary dates
11-13 Jun 2024
Raffles City Convention Centre, Singapore, Singapore
Diary dates
12-13 Jun 2024
ExCeL London, London, United Kingdom
Diary dates
03-05 Sep 2024
IMPACT Exhibition Center, Bangkok, Thailand
Diary dates
19-19 Sep 2024
The Salil Hotel Riverside - Bangkok, Bangkok 10120, Thailand
Diary dates
01-04 Oct 2024
REVĪVŌ Wellness Resort Nusa Dua Bali, Kabupaten Badung, Indonesia
Diary dates
22-25 Oct 2024
Messe Stuttgart, Germany
Diary dates
24-24 Oct 2024
QEII Conference Centre, London, United Kingdom
Diary dates
04-07 Nov 2024
In person, St Andrews, United Kingdom
Diary dates

Latest news

Rene Moos snaps up RSG’s Spanish clubs – adds them to the Basic-Fit portfolio

Basic-fit has acquired RSG's Spanish portfolio for €50m
The deal gives CEO Rene Moos 42 McFit clubs and five Holmes Place
Vivagym was also thought to be in the negotiations
The deal gives Basic-Fit market leadership in Iberia
We expect the acquisition to be accretive to the underlying earnings in 2024
– Rene Moos, CEO, Basic-Fit
Credit: Basic Fit

Basic-Fit has acquired RSG Group’s Spanish portfolio of 47 clubs for €50m.

RSG had signalled its intention to exit the Spanish market back in March this year and various parties have been in negotiation, including Vivagym and its backer, Bridges Ventures who lost out to Basic-Fit in the race to dominate in Iberia.

The deal gets Basic-Fit 42 McFit locations and five Holmes Place clubs, which it says it will rebrand and fully integrate into its portfolio by the end of 2024.

Although McFit would appear to represent a straightforward conversion to the Basic-Fit model, there are some questions about whether the Holmes Place locations – which are luxury health clubs – will be retained as a more high-end offering or perhaps sold on.

RSG had only acquired the Holmes Place clubs in July 2021 when the Fisher family sold them to focus their funds on growing the TRIB3 franchise, however, the untimely death of Rainer Schaller in October 2022 set the company on a different path and it has made some alterations to its portfolio since then.

RSG Spain reported revenue of €39 million in 2022 and Basic-Fit CEO, Rene Moos expects the acquisition to deliver a return on capital invested of at least 30 per cent by 2026, with an immediate impact being felt from 2024 onwards.

“As we will leverage our technologies over the new clubs and integrate them into our network, we expect the acquisition to be accretive to the underlying earnings in 2024,” said Moos.

The deal will give Basic-Fit a market-leader position in Spain and strengthen its cluster model. Moos said: “With the intended acquisition, we’ll strengthen our position in Spain by adding 47 clubs to the 140 we currently have, while also growing our positions in several important regional markets.

“In Barcelona, for example, we’ll increase the number of clubs from two to nine, which fits our cluster strategy, enabling us to offer our members an increasing number of clubs to work out in, conveniently located near where they live or work.”

Members of the 47 RSG clubs will be given access to the Basic-Fit network, including the app, virtual group classes and the 140 existing clubs.

Basic-Fit’s syndicate of banks has committed a further €110 million to fund both the deal and the club refurbishments, while also increasing the company’s financial headroom.

Terms and conditions of the bank facilities remain unchanged, with no hike in interest rates, indicating the financial markets are stabilising.

The agreement is subject to clearance from the Spanish competition authority which will scrutinise the transaction to ensure it doesn’t give Basic-Fit too great a market share. The deal is expected to complete in Q1 of 2024 if it clears the process.

Basic-Fit is the fastest-growing operator in Europe, with 1,400 clubs and counting.

It has scaled at a breathtaking rate, having built a powerful roll-out 'machine' and so far has a strong market position in its native Netherlands, with operations in Belgium, Luxenbourg, Germany, France and Spain.

It has not yet tackled the UK market, but if it did so, it would likely be by acquisition.

Related news

RSG Group considering the sale of its Spanish gym portfolio

07 Mar 2023
RSG Group is considering the sale of its Spanish clubs, which include more than 40 ...

The late Rainer Schaller will be succeeded by Hagen Wingertszahn and Dr Jobst Müller-Trimbusch as co-CEOs at RSG Group

19 Dec 2022
RSG Group has announced that Hagen Wingertszahn and Dr Jobst Müller-Trimbusch will take over the ...

Rainer Schaller and his family presumed dead in a plane crash in Costa Rica

22 Oct 2022
Rainer Schaller, founder and CEO of RSG group and his partner and two children are ...
Basic-Fit has acquired RSG’s Spanish portfolio of 47 clubs for €50m.
PTS,HAF,FIT,IND,PTS,PHR
2023/THUMB352373_748990_962728.jpg

Latest news

Operator Circadian Trust has launched a five-year growth drive designed to support health and wellbeing
Norwegian health club operator, Treningshelse Holding, which owns the Aktiv365 and Family Sports Club fitness
The HCM team were busy at the recent FIBO Global Fitness event in Cologne, Germany,
Atlanta-based boutique fitness software company, Xplor Mariana Tek, has kicked off a push for international
The Global Wellness Institute (GWI) has released new data on the US’ wellness economy, valuing
The fitness sector’s pivot to active wellbeing is being discussed in a new weekly podcast,
Elevate
Elevate
Study Active has legally acquired the name “Premier Global” and select Premier Global branding assets
Planet Fitness has a new CEO – Colleen Keating. She will take up the position
UK Active has announced details of its annual health and fitness industry awards ceremony, which
Social enterprise, Places Leisure, which is part of the Places for People Group, has appointed
Basic-Fit has signed up to trial Wellhub across its recently expanded Spanish network, giving access
Having redefined the model of public-private collaboration in Spain, Go Fit is now expanding into
Planet Fitness has become the subject of a hate campaign by certain groups of consumers
Questex/McLean Events (Spatec/SIBEC)
Questex/McLean Events (Spatec/SIBEC)
Panatta will consolidate its global presence throughout 2024 by attending a host of major industry
Recovery, social wellness and longevity were talking points at PerformX recently, tipped by many speakers
Industry experts are gathering in Cologne for today's European Health & Fitness Forum (EHFF), followed
Jason Worthy has been appointed group CEO of Myzone to lead the 'next stage of
John Kersh has announced he is leaving boutique franchisor, Xponential Fitness, after eight years with
Oxygen Consulting is about to launch its first UK Padel Report, which investigates this fast-growing
Global publishing outfit, Leisure Media, has announced details of its new annual conference for decision-makers
As one of the most energy-intensive industries in the UK, leisure facilities face a critical
Portugese footballer, Cristiano Ronaldo, has launched a health and wellness app that harmonises advice on
Disturbing new research has found BMI completely fails as an accurate measure of obesity in
1 - 20 of 12,300
HCM promotional features
Sponsored
The partnership between PureGym and Belfast-based supplier BLK BOX is transforming the gym floor
HCM promotional features
Sponsored
Nuffield Health has worked with ServiceSport UK for more than ten years, ensuring the equipment in its clubs is commercially optimised
HCM promotional features
Sponsored
D2F had updated its brand styling to keep pace with business growth. MD, John Lofting and operations director, Matt Aynsley, explain the rationale
HCM promotional features
Sponsored
University of Sheffield Sport has opened the doors of its flagship Goodwin Sports Centre following a major refurbishment
HCM promotional features
Sponsored
Francesca Cooper-Boden says health assessment services can boost health club retention
HCM promotional features
Sponsored
Operators, prepare to revolutionise the way members connect with personal trainers in your club, with the ground-breaking Brawn platform.
HCM promotional features
Sponsored
GymNation is pioneering the future of fitness with software specialist Perfect Gym providing a scalable tech platform to power and sustain its growth
HCM promotional features
Sponsored
Epassi, a provider of workplace wellness benefits, is creating a fitter and more productive workforce, one membership at a time 
HCM promotional features
Sponsored
The New Keiser M3i Studio Bike brings ride data to life to engage and delight members
HCM promotional features
HCM magazine
Members are telling us they need support with their mental and spiritual health and the industry is starting to see this need. Now’s the time to fast-track our response
HCM magazine
HCM People

Dr Jonathan Leary

Founder, Remedy Place
It was as though the whole world woke up at the same time
HCM magazine
HCM People

Cristiano Ronaldo

Footballer and entrepreneur
Taking care of your physical and mental health is essential for a fulfilling life
HCM magazine
Egym has announced deals designed to position it for growth acceleration, as Kath Hudson reports
HCM magazine
Imposter syndrome about a promotion taught the CEO of SATS that behaving authentically is the most important part of leadership. He talks to Kath Hudson
HCM magazine
Will Orr has been talking to HCM about the company’s new strategy for 2024, as Kath Hudson reports
HCM magazine
New research has found BMI to be a highly inaccurate measure of childhood obesity, leading current thinking and policy based on it into question
HCM magazine
We’ve had an outstanding year, with record revenues of €77m and €31m in EBITDA in 2023.
HCM magazine
Basic-Fit – which has been scaling rapidly across Europe –  is considering franchising to ramp up growth further afield
HCM magazine
Although there’s much talk about working with health services, research from SLC suggests there’s much work to do before the sector is ready for the challenge. Kath Hudson asks the experts to identify barriers and solutions
HCM magazine
HCM People

Jennifer Maanavi

Founder, Physique 57
Our ‘why?’ is to improve the lives of our clients, not to make them feel defeated
HCM magazine
Featured supplier news
Featured supplier news: Webinar: Building a new energy future for the leisure sector
As one of the most energy-intensive industries in the UK, leisure facilities face a critical challenge in balancing net zero goals, funding and increased costs.
Featured supplier news
Featured supplier news: Study Active acquires Premier Global name and select branding assets
Study Active has legally acquired the name “Premier Global” and select Premier Global branding assets from Assessment Technologies Institute LLC, part of Ascend Learning in the US.
Company profiles
Company profile: Precor
Precor has been a pioneer in delivering fitness experiences for commercial customers for more than ...
Company profiles
Company profile: ukactive
ukactive is the UK’s leading not-for-profit membership body for the physical activity sector, bringing together ...
Supplier Showcase
Supplier showcase - Jon Williams
Catalogue Gallery
Click on a catalogue to view it online
Featured press releases
Power Plate UK press release: Power plate + red light therapy: life-changing ‘biostacking’
“We combine Power Plate and red light therapy in all our small group classes,” says Natt Summers, founder and owner of Accomplish Fitness in Hungerford, Berkshire.
Featured press releases
Zoom Media press release: Zoom Media expands partnership with Fitness4less
Zoom Media, the UK's leading provider of health and fitness digital media, has announced a new contract with Fitness4Less to deliver Out of Home advertising across its estate.
Directory
Spa software
SpaBooker: Spa software
Salt therapy products
Himalayan Source: Salt therapy products
Flooring
Total Vibration Solutions / TVS Sports Surfaces: Flooring
Snowroom
TechnoAlpin SpA: Snowroom
Cryotherapy
Art of Cryo: Cryotherapy
Lockers
Crown Sports Lockers: Lockers
Property & Tenders
Loughton, IG10
Knight Frank
Property & Tenders
Grantham, Leicestershire
Belvoir Castle
Property & Tenders
Diary dates
22-24 Apr 2024
Galgorm Resort, York,
Diary dates
10-12 May 2024
China Import & Export Fair Complex, Guangzhou, China
Diary dates
23-24 May 2024
Large Hall of the Chamber of Commerce (Erbprinzenpalais), Wiesbaden, Germany
Diary dates
30 May - 02 Jun 2024
Rimini Exhibition Center, Rimini, Italy
Diary dates
08-08 Jun 2024
Worldwide, Various,
Diary dates
11-13 Jun 2024
Raffles City Convention Centre, Singapore, Singapore
Diary dates
12-13 Jun 2024
ExCeL London, London, United Kingdom
Diary dates
03-05 Sep 2024
IMPACT Exhibition Center, Bangkok, Thailand
Diary dates
19-19 Sep 2024
The Salil Hotel Riverside - Bangkok, Bangkok 10120, Thailand
Diary dates
01-04 Oct 2024
REVĪVŌ Wellness Resort Nusa Dua Bali, Kabupaten Badung, Indonesia
Diary dates
22-25 Oct 2024
Messe Stuttgart, Germany
Diary dates
24-24 Oct 2024
QEII Conference Centre, London, United Kingdom
Diary dates
04-07 Nov 2024
In person, St Andrews, United Kingdom
Diary dates
Search news, features & products:
Find a supplier:
We Work Well Events
We Work Well Events
Partner sites