Vienna/Berlin. Taylor Wessing advises the shareholders of the Austrian market leader myClubs on the takeover by competitor Urban Sports Club from Berlin.
Taylor Wessing advised the shareholders of myClubs from Austria on the takeover by the German competitor Urban Sports Club, according to a press release.
The purchase object
According to the information, myClubs is the largest sports aggregator in Austria and Switzerland with over 1,200 sports providers. Specifically, since 2014, customers have been offered flexible sports subscriptions and access to various sports and boutique studios. The offer is used by employees of around 300 companies, including EY, Samsung and Pfizer. There is a partnership with Rewe’s jö Bonus Club; digital fitness products for health insurers such as SWICA, Helsana and CSS are also part of the range.
After the takeover by the Berlin-based company Urban Sports Club, the aim is to jointly establish a corporate fitness offering throughout the DACH region and to drive forward the digital development of fitness offerings in Europe, it is said.
The consulting team
The sellers were advised by a team led by Taylor Wessing Vienna partner Philip Hoflehner (Corporate). He was supported by Senior Associate Silvia Schenner and Associate Vanessa Gerbasich (both Corporate) as well as by Partner Andreas Schütz and Senior Associate Christopher Bakier (IP/IT) and by Partner Martin Eckel (Antitrust Law).