The founders of Gyms4You d.o.o. (“Gyms4You”), one of Croatia’s leading operators of fitness centres, have sold a majority stake in the company to The Rohatyn Group (“TRG”), a US-based asset management firm.
Gyms4You was founded in 2015 by Bruno Dovic, Michael Dovic and Henrik Nord and has since become the largest fitness centre business in Croatia. The company currently operates 28 fitness centres and is set to expand to 54 centres across ten cities in the coming years, as already agreed new locations are opened.
TRG is headquartered in New York, US, and focuses on emerging markets and real assets across North and South America, Europe, the Middle East, Africa, India, Southeast Asia and Oceania.
Accura advised the founders and Gyms4You in connection with the transaction.