Alantra advises Technogym on the sale of Exerp to Clubessential Holdings
SECTORTechnology
ServiceM&A
Copenhagen – Alantra, the global investment banking and asset management specialist, has advised Technogym, a leading company in equipment for fitness, on the sale of Exerp, a leading provider of fitness club management software, to Clubessential Holdings, a portfolio company of Battery Ventures.
Exerp delivers enterprise software solutions to the biggest fitness brands in the world with clients such as Virgin Active, Puregym, Lifetime Fitness, Goodlife Fitness, SATS and Fitness World. Headquartered in Copenhagen with subsidiaries in the US and Australia, the company covers the world, solving the needs for the most complex fitness operators globally.
Headquartered in Cesena, Italy, Technogym, is a world leader in designing and manufacturing fitness equipment, providing customized solutions to private homes, fitness clubs, hotels, spas, rehabilitation centres, corporate gyms, universities, professional sports facilities and more.
Backed by Battery Ventures, Clubessential Holdings is a provider of a full suite of membership and club management software (SaaS) solutions to private clubs, health & fitness clubs, college athletic programs, and parks and recreation entities.
Sebastian Hougaard, Managing Partner at Alantra: “It has been a pleasure to work alongside Technogym and Exerp and I am beyond thrilled that Exerp will join the strong platform that Clubessential Holdings has established. Exerp’s ambition is to sustain and expand its position as the leading provider of club management software to enterprise fitness club operators across the world. The strategic partnership with Clubessential Holdings, a leading provider of a full suite of membership and club management software in North America, will help Exerp to accelerate its effort in providing innovative digital solutions to the fitness industry going forward.”
