RSG Spain acquired by Basic-Fit
Context
In December 2023, Basic-Fit entered into a definitive agreement to acquire 100% of RSG Spain from RSG Group GmbH, led by CEO Dr. Jobst Müller-Trimbusch, marking the seller's strategic exit from the Iberian Peninsula. The transaction adds €39m in revenue and consolidates Basic-Fit’s footprint in Southern Europe. To finance the deal, Basic-Fit secured an additional €110 million revolving credit facility (accordion facility) from its banking syndicate to fund the cash consideration, restructuring costs, and club refurbishments. Operationally, Basic-Fit plans to rebrand all acquired clubs under the Basic-Fit banner by year-end 2024 while rolling out its proprietary IT and member management systems. Management expects the transaction to be immediately accretive to underlying earnings in year one, targeting a return on invested capital (ROIC) of at least 30% by 2026. The acquisition accelerates a local clustering strategy—notably in Barcelona, where its footprint expands from two to nine clubs to strengthen local market share. The transaction is subject to customary antitrust clearance from Spanish competition authorities, with closing expected in Q1 2024.
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Target
RSG Spain is a fitness operator managing a portfolio of 47 clubs across Spain, comprising 42 McFIT locations and five premium clubs under the Holmes Place banner. Founded in 2009 with the opening of its first club in Palma de Mallorca, the company serves a broad customer base across major regional markets in the Iberian Peninsula. Its clubs feature modern strength and cardio equipment as well as group fitness studios, strategically located in key urban areas to cater to both local residents and professionals.
Ent. Value
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Equity Value
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EV / EBITDA
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EV / EBIT
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Historical Financials (EUR)
FREE VIEWOther operations with Basic-Fit
| Date | Acquirer | Target | Country | Sector |
|---|---|---|---|---|
| 09/2026 | BASIC-FIT | SPEEDFIT KRAFTWERK | AUSTRIA | Leisure Facilities |
| 07/2026 | BASIC-FIT | WELLYOU | GERMANY | Leisure Facilities |
| 10/2025 | BASIC-FIT | CLEVER FIT | GERMANY | Leisure Facilities |
| 10/2019 | BASIC-FIT | GYMSTREET | FRANCE | Leisure Facilities |
| 05/2016 | PUBLIC MARKETS (IPO) | BASIC-FIT | NETHERLANDS | Hospitality |
| 11/2013 | 3I | BASIC-FIT | NETHERLANDS | Hospitality |
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REFERENCES
Revenue range: REV €25–50M
Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of RSG Spain by Basic-Fit are reserved for mynth community members. Register for free to unlock full data.
Authors: This transaction was contributed by a verified mynth contributor and cross-checked against available transaction documents and official company communications.
Target: rsg spain
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