Smart Fit Buys Evolve Academy Network Control

Folha de S.Paulo

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The Smart Fit group, of Gin Schools of Stica, announced this afternoon (2) the purchase of the control of a competitor in Bras lai, Evolve Participa is in Sociedades S.A., a woman of 28 units per price. The contract to sign or sign up to this rare order that, in m nimo, 60% of Evolve's total social capital is based on its declared value of R$ 199.7 million is (including lives and box available in full). Read more (12/02/2025

Forbes Brasil

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A contribution of up to R$ 100 million strengthens expansion in region with strong presence of the Blue Fit rival; operation is assessed by banks as strategic and at a price considered attractive

Globo

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The value of the company, including equity and liquid debt, is R$ 199.7 million, and the determination of the participation of Smart Fit depends on the determination of the liquid debt on the date of completion of the transaction

CNN Brasil

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The Smartfit Ginastic Academy network will acquire the Evolve control, after agreement to sign new representative ordinary shares of at least 60% of the company's total social capital. The new shares to be subscribed by Smartfit will have a total value of up to R$ 100 million, while R$40 million will be paid on the date of completion of the transaction, said Smartfit in a communication sent to the market on this Wednesday (2). The remaining bala…