TA Associates & Warburg Pincus Acquire Epassi Group; Epassi Acquires Exercite from Waterland
August 9, 2023
Funds advised by TA Associates and Warburg Pincus completed a majority investment in Helsinki-based Epassi Group (acquiring the stake from Bregal Milestone). Simultaneously, Epassi announced the strategic acquisition of Exercite (owner of Hansefit, Bedrijfsfitness Nederland and Fitbase) from Waterland and the Exercite founders, expanding Epassi's footprint into Germany and the Netherlands and materially increasing its merchant and corporate customer network.
- Buyers
- TA Associates, Warburg Pincus, Epassi Group
- Targets
- Epassi Group, Exercite (Hansefit, Bedrijfsfitness Nederland, Fitbase)
- Sellers
- Bregal Milestone, Waterland Private Equity, Founders of Exercite (including Jens Pracht / Hansefit founder references)
- Platforms
- Epassi Group
- Industry
- Staffing & HR
- Location
- Uusimaa, Finland
- Transaction Type
- Buyout
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