Cescon Barrieu assists Smart Fit in the acquisition of Evolve
Cescon Barrieu assists Smart Fit in the acquisition of newly issued shares of Evolve Participacoes em Sociedades, representing, at least, 60% of its total and voting capital stock.
Smart Fit is the leading fitness chain in Latin America and the third-largest gym network in the world by number of locations.
The acquisition of Evolve is aligned with Smart Fit’s expansion strategy and strengthens its presence in the Central-West region, adding gyms located in strategic commercial areas.
The transaction value was BRL 100 million.
Cescon Barrieu relied on partners Marina Carvalho Faro and Ronald Herscovici, associates Pedro Ferreira and Ana Beatriz Hess.
STG Advogados advised the other parties.
