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Thursday, February 22, 2024

GA_P, Andersen advise on Brooklyn Fitboxing’s €10m financing round

Gómez-Acebo & Pombo has counselled Civis on the €10 million financing round for Spanish boxing centres company Brooklyn Fitboxing, counselled by Adersen, to boost its international expansion

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Spanish boxing centres company Brooklyn Fitboxing, founded in 2014 in Madrid, has closed its first investment round, securing €10 million from institutional investors.

Brooklyin “has been the leader in centre openings in Spain for three consecutive years, with more than 60 new clubs, despite the appearance of COVID,” the company stated. “This growth, together with the enormous potential for international expansion, have been decisive factors in gaining the confidence of CIVIS, a group of investors specialising in innovative, high-growth brands, whose members include Jose Múgica, former CEO of Ecoalf, and Frédéric Gilg, who have joined the company’s Board.”

The brand currently has a network of 152 clubs and some 45,000 customers in Spain, Italy, Portugal, Argentina, Colombia, Peru, Belgium and Ireland. From here, its five-year outlook is to increase its presence in the countries where it has already landed and to begin operations in Germany, France and Mexico.

Gómez-Acebo & Pombo advised Civis with a team led by Corporate M&A partner and head of New York Dávid González, along with Corporate associates Alba Pérez and Mónica Ojeda and Tax associate Luis Cuesta.

Andersen’s Corporate and M&A partner Jaime Aguilar was responsible for advising Brooklyn Fitboxing on this deal, working alongside Mayo Torres, associate in the Corporate and M&A area.

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