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Synopsis
Providence Equity Partners-backed VivaGym, a fitness center chain offering a wide range of gym facilities and fitness classes, completed the acquisition of QUOFitness, a gym chain with a strong presence in the Region of Murcia and the Community of Madrid. Financial terms were not disclosed. "This integration reinforces our cluster creation strategy, with which we are committed to a strong presence in each region." The executive added that "our goal is to consolidate a quality operating model, focused on the customer and aligned with the values that define our value proposition," Juan del Río Nieto, VivaGym CEO.
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