Stay Fit Gym and 18GYM, the players ranking second and third in the fitness center sector, are teaming up and closing in on leading company WorldClass.
Stay Fit Gym, Romania’s second largest gym chain by the number of opened centers, controlled by investment fund Morphosis Capital, will be opening on June 14 a 1,000-square meter unit within the Palas Campus office-retail project developed by Iulius Group in Iasi.
Private equity fund Morphosis Capital Fund I, focused on Romanian small and medium-sized company, acquired the majority stake in Stay Fit Gym, the second biggest player on Romania’s fitness market by the number of centers.