Helix Kapital joins Member 24, a gym chain with 12 24-hour facilities in Västerås, Eskilstuna and Stockholm, as a new majority owner. Together with Helix Kapital, the founders and management will accelerate the company's expansion.

Member 24 opened its first gym in Västerås in 2010 with a vision to create a 24/7 gym chain with a unique profile. Since its inception, the company has experienced strong growth and currently operates 12 gyms in Västerås, Eskilstuna, and Stockholm. All gyms are centrally located within their respective regions and feature inspiring interiors and high-quality equipment.

“The low-cost segment of the fitness and gym industry is growing faster than the rest of the market, and since our inception, we have helped drive this growth by offering unique, high-quality gyms at a low cost. “With Helix Kapital as a strategic partner, we see significant opportunities to continue our growth journey by capturing market share in both current and new geographic markets,” says Roger Baburin, founder and CEO of Member 24.

The terms of the transaction are not disclosed.

Contact details:

Stefan Lambert, Partner Helix Kapital
Roger Baburin, CEO Member 24

About Helix Kapital:

Helix is a Swedish growth-oriented investment company that invests in unlisted smaller companies with a main focus on Sweden. Helix Kapital seeks businesses with proven and profitable business models, regardless of industry. See www.helixkapital.se for further information.

About Member 24:

Member 24 is a budget-friendly gym chain with a unique concept that offers high-quality gyms at an affordable price, open 24 hours a day. Visit www.member24.se for more information.