Deloitte Romania has assisted the transaction, which was signed in April 2022 and has been closed on July 15, 2022 after obtaining all the necessary approvals. The acquisition of the 41 fitness centers network represents AIG’s stepping into the health and wellness segment.
“This is the second transaction in which we collaborate with Deloitte, after the deal through which we acquired the Agricom Borcea, Tudor 92, Concordia Agro and Alisa Farm Management farms, as well as Thames Farming Enterprises, the company that owns the four farms. This time, the project has been carried out in two stages that entailed due diligence requirements and negotiations. Deloitte’s international team has been with us during the entire process, fully committed, showing flexibility in the way it has responded to the many changes that have occurred during an eight-month collaboration. I particularly appreciated the commercial competence of Deloitte’s team and the professionalism of its financial analysis,” said Alexandru Rusu, CFO CEE, African Industries Group.
“I believe the success of this transaction was ensured by the extraordinary collaboration with both the management team of AIG and the other consultants. We are honored that we have managed to assist our client throughout the project, with the help of an international team formed by experts from Romania and Germany. This transaction represents AIG’s entry into a new market and a new step towards strengthening its position,” said Radu Dumitrescu, Financial Advisory Partner-in-Charge, Deloitte Romania.
In 2021, Deloitte Romania’s financial advisory team was involved in more than 100 complex projects through all lines of services.