Talwalkars Better Value Fitness (TBVF), chain of health and fitness centers has signed an MoU to acquire equity shares of Force Fitness India (SNAP), India’s third largest gym company and the exclusive master franchisee in India of ‘Snap Fitness Inc.’. TBVF will invest 50.01% equity in SNAP largely through funds in SNAP for growth. Snap Fitness Inc is the world’s premier 24/7 fitness 2,000 clubs open or in development in 18 countries.
This will mark the most significant deal towards consolidation fragmented fitness industry in India and propel TBVF of undisputed market leadership with over 250 locations cities. Mumbai headquartered Financial Services group company Capital Square Advisors advised SNAP on the transaction.
Talwalkars Better Value Fitness is one of the largest fitness chains in India offering a diverse suite of services including gyms, spas, aerobics and health counseling under the brand ‘Talwalkars’.