Global investment firm Carlyle is backing the growth of Fitness Park, France’s largest budget gym chain. Carlyle has provided €280 million in financing to help Fitness Park expand both in France and internationally. The funds will also be used to improve the experience for Fitness Park’s members.
Fitness Park will continue to be mainly owned by its founders. Minority stakes are held by Future French Champions and Momentum Invest.
Otto Alaoui, Managing Director at Carlyle Global Credit, said, “We are pleased to support Fitness Park as it strengthens and grows its leading position in fitness clubs across France. This deal shows how we can offer flexible financing to help founder-owned businesses grow in Europe.”
Fitness Park operates over 350 gyms in France, Spain, Portugal, and Morocco. It serves 1.3 million members with affordable memberships and long opening hours.
Gaëtan Dubuisson, CEO of Fitness Park, said, “We are grateful for Carlyle’s support. This funding lets us continue to grow through better customer service and strategic acquisitions. We believe Carlyle’s expertise and capital will help us take advantage of the fragmented French fitness market and build on our strong position.”
