Benefit Systems Expands Portfolio with Organic Fitness Network Acquisition
Deal News | Nov 26, 2024 | CEE Legal Matters
Benefit Systems, supported by PwC Legal, has acquired MyOrganiq, which operates eight Organic Fitness clubs in western Poland. The transaction, valued at approximately PLN 25 million, enhances Benefit Systems' MultiSport Programme, which is popular among the company's sports card users. PwC Legal's team for this transaction included Partner Wojciech Trzcinski, Counsels Marcin Dabrowski, and Paulina Komorowska-Mrozik, as well as Senior Associates Katarzyna Hincz, Aleksander Zielinski, Konrad Biskup, and Dominika Chodkowska. Sommerrey & Partners, led by Partner Paulina Sommerrey, advised the sellers in this deal.
Sectors
- Fitness & Wellness
- Legal Services
Geography
- Poland – The acquisition of Organic Fitness clubs is occurring in western Poland, highlighting the geographical focus of this transaction.
Industry
- Fitness & Wellness – The acquisition involves Organic Fitness clubs, which are part of the fitness and wellness industry.
- Legal Services – Both PwC Legal and Sommerrey & Partners are involved in the transaction, indicating the importance of legal services in M&A activities.
Financials
- PLN 25 million – The value of the acquisition transaction between Benefit Systems and MyOrganiq.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Benefit Systems | Buyer | Company | A company involved in providing sports and recreation services, known for its MultiSport Programme. |
| MyOrganiq | Target | Company | Operator of eight Organic Fitness clubs in western Poland. |
| PwC Legal | Legal Advisor to Buyer | Company | Provided legal advisory services to Benefit Systems in the acquisition process. |
| Sommerrey & Partners | Legal Advisor to Seller | Company | Advised the sellers in the transaction with Benefit Systems. |
| Wojciech Trzcinski | Partner | Person | Partner at PwC Legal, involved in the transaction. |
| Paulina Sommerrey | Partner | Person | Partner at Sommerrey & Partners, involved in advising the sellers. |