P+P advises HPE Growth Capital on financing round in eGym GmbH

Munich-based eGym GmbH has concluded a series C financing round in the amount of USD 45 M with the former investors Highland Europe, High-Tech Gründerfonds and Bayern Kapital and new investor HPE Growth Capital.

eGym provides a complete, innovative infrastructure for increasing the digital value in fitness studios. The company focuses on operators, trainers and members. The products include hardware and software, namely fully electronic weight training machines and CRM software for networked training areas. Apps for trainers and members allow mobile, individual and efficient assistance, including personalized training plans. By interfacing with the machines of other manufacturers, the eGym system increases the size of the training area even more.

Approximately 1,000 studios in nine countries use the eGym machines. Within just a few years, the company has grown to approx. 240 employees with locations in Munich, Berlin, Paris, London, Amsterdam and Madrid.

P+P advised HPE Growth Capital with the following Munich team:

• Dr. Frank Thiäner (lead partner, M&A/PE/VC)
• Dr. Tim Junginger (associate, M&A/PE/VC)