Irish gym group FLYEfit refinances debt to continue on its expansion journey
FLYEfit, Ireland’s leading and fastest growing gym chain, has secured debt financing for further expansion.
FLYEfit operates 20 gyms in Dublin and Cork. It is the market leader in Ireland, offering a high-quality premium experience to its members at very low prices. The company employs over 200 people and is based on a highly scalable business model enabled by technology.
Oaklins’ team in Ireland acted as advisors to FLYEfit for the refinancing of its banking facilities with AIB bank. Through a hands-on approach and leveraging strong banking relationships, the Irish team helped the company secure the funding. FLYEfit is a long standing client of Oaklins in Ireland, having been involved since the company’s inception, and has advised on various corporate activities since.
Talk to the deal team
Related deals
Manolete Partners plc has completed a successful debt refinancing
Manolete Partners plc has signed a new revolving credit facility (RCF) with its existing provider, HSBC. The new RCF provides Manolete with the same level of facility as the previous arrangement, at US$22.6 million (£17.5 million), but with a reduced margin and lower non-utilization fee. The facility has a term of 3.25 years, with the option to extend for an additional year on the same terms.
Learn moreAmbala Foods Limited has been acquired by Cake Box Holdings plc
Cake Box Holdings plc has acquired the Asian dessert specialist Ambala Foods Limited.
Learn moreHC Partners has successfully secured debt financing for the acquisition of West Friesland Dakbedekkingen
Dutch private equity firm HC Partners has formed a strategic partnership with West Friesland Dakbedekkingen B.V. (WFD). This marks HC Partners’ entry into the roofing sector, with plans to build a national platform of regional roofing specialists.
Learn more