The health and fitness chain Elixia was recently acquired by Altor. The sellers were Norvestor, Storebrand and Bjørn Maaseide.
Elixia is a market-leader in the fitness industry with 34 fitness centres in Norway, 10 in Finland and 2 in Sweden and with more than 160,000 members.
The Altor funds are private equity funds investing in companies in the Nordic region with a focus on value creation through growth initiatives, strategic development and operational improvement. Altor Fund III has a committed capital of EUR 2,000 millions.
The acquisition is financed by DNB Bank and Vogt & Wiig assist the bank on all legal matters in relation to the structuring of the acqusition financing and the refinancing of Elixia’s working capital financing.
DNB Bank is Norway’s largest financial institution and a leading provider of banking and financial services in the Nordic region. Vogt & Wiig regularly assist DNB Bank in connection with leveraged buyouts, structured finance, syndicated loans, real estate and project finance.
Vogt & Wiig's team is lead by Anders Monrad.