King & Wood Mallesons advised Salvepar (Tikehau group) on the acquisition of a stake in Neoness. Salvepar has invested €25 million in equity and convertible bonds alongside the two founders who remain in control of the company.

Founded in 2007 by Céline Wisselink and Marie-Anne Teissier, Neoness is one of the main low-cost fitness players in France. The group operates about twenty gyms predominantly in Paris and its surrounding areas.

Salvepar is an investment holding company listed on the Euronext Paris stock exchange, which is majority owned by the Tikehau group. Salvepar pursues an active strategy of minority investments in listed and non-listed companies.

The KWM team was composed of Corporate partner Thomas Maitrejean and associate Maëliss Bourbon.