Waterland completed the acquisition of a 50% stake in Fit/One from the Mühleck family.

Waterland Private Equity, a private equity firm, completed the acquisition of a 50% stake in Fit/One, a fitness studio chain, from the Mühleck family. The Mühleck family will retain a 50% stake in the company. Financial terms were not disclosed. “We are very pleased to have Waterland as a strong and experienced partner at our side, who will support us in continuing the roll-outs of our existing studio concepts as well as in pursuing our active acquisition strategy. We are seeing increasing consolidation in the market, with numerous operators thinking about selling their studios either now or in the coming years. We would like to actively utilize this momentum and push forward into a new era,” Moritz Mühleck, Fit/One CEO.