Oakley Capital Acquires Majority Stake in 7NXT (Gymondo Group)
October 1, 2020
Oakley Capital has acquired a majority stake in 7NXT GmbH, the owner of online fitness subscription platform Gymondo and DTC nutrition brand Shape Republic, from founder and CEO Markan Karajica and Crosslantic Capital. The founder will remain CEO with a significant minority stake; Oakley said it will partner with management to scale the business and accelerate domestic and international growth.
- Buyers
- Oakley Capital
- Targets
- 7NXT GmbH
- Sellers
- Markan Karajica, Crosslantic Capital
- Industry
- E-Commerce
- Location
- Berlin, Germany
- Transaction Type
- Buyout
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