GymBeam raised €30m from investors and is valued at €250m

Fitness online store GymBeam (Dalibor Cicman) raised €30m from investors to expand into Western and Central European markets, strengthen its distribution infrastructure, and make strategic investments. Last year, it reported a net profit of €5m on €166m sales, and this year it expects €220m. In the latest investment round, PortfoLion acquired an 8% stake and EBRD 4%, valuing the company at €250m. Cicman holds a 72% stake. Rothschild & Co, AKF Legal, BCG, PwC, and Dentons represented GymBeam, while the investors worked with EY, Havel & Partners, Deloitte, and CMS. The company also received another €80m financing offer from banks and is considering using it to purchase production lines in Slovakia, a manufacturing company in Germany, and robots for automated warehouses.

(forbes.sk)