Weil is counseling funds advised and managed by Oaktree Capital Management, L.P. (Oaktree) in the sale of their shares in LifeFit Group to Waterland Private Equity Investments (Waterland).

Oaktree is selling the shares in LifeFit Group, a leading German health and fitness platform with more than 140 clubs, including brands such as FitnessFirst, Elbgym, Barry's and Club Pilates, in its capacity as current majority shareholder. The acquisition by buyer Waterland is expected to be completed during the second half of 2024.

The international Weil transaction team led by Munich Private Equity partner Manuel-Peter Fringer once again provided comprehensive legal advice to Oaktree on a transaction in the German-speaking region, as most recently on the acquisition of Aqseptence Group.

The team included partners Tobias Geerling (Tax, Munich) and Neil Rigby (Regulatory, London), counsel Thomas Zimmermann (Finance, Munich), Florian Wessel (Private Equity, Munich), Konstantin Hoppe (IP, Munich) and Steffen Giolda (Antitrust, Munich), as well as associates Amelie Zabel, David Fier, Christopher Schletter and Lucas Ottowitz (all Private Equity, Munich), Jannik Duttlinger (Data Privacy, Frankfurt), Alexander Reich and Daniel Reich (both Tax, Frankfurt), Hans-Christian Mick (Finance, Frankfurt), Silvia Lengauer (Finance, Munich), Fabian Kraupe and Benjamin Köpple (both Employment Law, Munich), and Daniel Matijevic (Litigation/IP, Munich).