M&A Deal Summary

African Industries Group Acquires World Class Romania

On April 15, 2022, African Industries Group acquired consumer services company World Class Romania from Resource Partners

Acquisition Highlights
  • This is African Industries Group’s 1st transaction in the Consumer Services sector.
  • This is African Industries Group’s 1st transaction in Romania.

M&A Deal Summary

Date 2022-04-15
Target World Class Romania
Sector Consumer Services
Buyer(s) African Industries Group
Sellers(s) Resource Partners
Deal Type Add-on Acquisition

Target

World Class Romania

Bucharest, Romania
World Class Romania is an operator of a fitness club network in Romania. World Class Romania offers premium services for supporters of a healthy and sporty lifestyle. The network provides access to gyms, aerobic and cycling classes, as well as to the relaxation area. World Class Romania was established in 2000 and is based in Bucharest, Romania.

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Buyer(S) 1

Buyer

African Industries Group

Lagos, Nigeria

Category Company
Founded 1971
Sector Manufacturing
DESCRIPTION

African Industries Group is a manufacturing company driving force in various sectors like Iron and steel manufacturing, power generation, agricultural products, steel processing, building materials, plywood and allied products, logistics and shipping, lead products, cans manufacturing, refractories products, industrial glass, other construction materials, and more recently, mining and steel processing, renewable energy, and aluminum products. African Industries Group was founded in 1971 and is based in Lagos, Nigeria.


DEAL STATS #
Overall 1 of 1
Sector: Consumer Services M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
Country: Romania M&A 1 of 1
Year: 2022 M&A 1 of 1

Seller(S) 1

SELLER

Resource Partners

Warsaw, Poland

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2009
PE ASSETS 400M EUR
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Resource Partners is a private equity firm focused on a variety of opportunities throughout Central and Eastern Europe. The Firm looks to invest at least €5 million to support expansion needs or fund management buyouts/buy-ins. Resource Partners will consider majority or minority positions and does not have any sector preferences. Characteristics of the businesses it purses include motivated management, opportunities for consolidation, corporate orphans, and strong positions in growing markets. Resource Partners was formed in 2009 and is based in Warsaw, Poland.


DEAL STATS #
Overall 9 of 10
Sector: Consumer Services M&A 1 of 1
Type: Add-on Acquisition M&A Deals 7 of 8
Country: Romania M&A 1 of 1
Year: 2022 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-02-14 Maced

Polanow, Poland

Maced is a producer and distributor of natural dog treats. The company offers its products under the Maced and Dogway brands, as well as under its own brands of food and specialized zoological networks in Poland and abroad. Maced was founded in 1993 and is based in Polanow, Poland.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-11-29 Torf

Wrocław, Poland

Torf is a dermatology cosmetics and health and beauty products manufacturer in Poland, with its own brands as well as private label goods supplied across Europe and globally. Torf was established in 1989 and is based in Wrocław, Poland.

Sell -