In December 2016, PCP provided senior secured term loans of over EUR 10 million to the wellyou Group, a German gym operator. The funds were used to partly finance AUCTUS Capital Partners’ investment in wellyou, as well as providing capital for future growth. Volker Roese, the founder of wellyou, will remain shareholder and Managing Director of the business going forward.
Wellyou is a leading budget gym chain in Northern Germany. Its main point of differentiation is that its club concept is focused on smaller cities and suburban areas with a strong value proposition.
Wellyou was founded in 2003 as a single club in Kiel. Since then, it has gained a strong foothold within the dynamically growing budget fitness market in Northern Germany. Today, wellyou has 14 clubs located in Flensburg, Husum, Schleswig, Kiel (two), Lübeck, Rendsburg, Heide, Pinneberg, Schwerin, Hamburg, Bergedorf, Neumünster and Greifswald.
Based on a solid earnings base in its existing portfolio, a proven club concept and an experienced management team, PCP believes that wellyou is well positioned to continue to grow, benefitting from the favourable market trends within the German fitness sector.