Bodytech: Minority Sale

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Sale of minority stake in Bodytech

In December 2015, Latam Peru Fund and Latam Growth Fund sold their combined 4.8% stake in Inversiones en Recreación, Deporte y Salud (“Bodytech”) to a company’s stakeholder.

Bodytech is a Colombian firm, established in 1997, leader in the fitness industry, with over 50 fitness centers and 120,000 registered members. Additionally,  the company has  presence in the Peruvian market with 16 fitness centers, and the Chilean market, with 48 fitness centers under the Sportlife brand (acquired in 2012).

In 2014, Bodytech’s revenues and EBITDA amounted to USD 117 MM and USD 26 MM, respectively.

EFIC Partners participated as the financial advisor of both funds in the sale of their Bodytech stake.