M&A Deal Summary

epassi Acquires Hansefit

On December 12, 2023, epassi acquired consumer services company Hansefit from Waterland Private Equity

Acquisition Highlights
  • This is epassi’s 1st transaction in the Consumer Services sector.
  • This is epassi’s 2nd transaction in Germany.

M&A Deal Summary

Date 2023-12-12
Target Hansefit
Sector Consumer Services
Buyer(s) epassi
Sellers(s) Waterland Private Equity
Deal Type Add-on Acquisition

Target

Hansefit

Bremen, Germany
Hansefit is a Business-to-business platform for fitness services. The Hansefit Group also has a comprehensive range of digital products for on-demand fitness, wellness, occupational health management/occupational health care and mindfulness. Hansefit is based in Bremen, Germany.

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Buyer(S) 1

Buyer

epassi

Espoo, Finland

Category Company
Founded 2007
Sector Information Technology
DESCRIPTION

epassi is a provider of mobile payments and offers a comprehensive, high-quality service for managing non-taxable employee benefits. epassi was founded in 2007 and is based in Espoo, Finland.


DEAL STATS #
Overall 5 of 6
Sector: Consumer Services M&A 1 of 1
Type: Add-on Acquisition M&A Deals 4 of 5
Country: Germany M&A 2 of 2
Year: 2023 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-12-12 Exercite

Bremen, Germany

Exercite is a B2B health and wellness network that operates brands Hansefit, Bedrijfsfitness Nederland, and Fitbase in Germany and the Netherlands. It offers more than 2.5 million employees from more than 7,000 corporate clients access to more than 12,000 sports and health facilities such as fitness rooms, swimming pools, wellness facilities, physiotherapy, climbing gyms, and dance studios. Exercite is based in Bremen, Germany.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-06-17 VIP District

Madrid, Spain

VIP District provides digital engagement solutions that help companies enhance employee experience through rewards, recognition, internal communication, and exclusive discounts. VIP District was formed in 2010 and is headquartered in Madrid, Spain.

Buy -

Seller(S) 1

SELLER

Waterland Private Equity

Bussum, Netherlands

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1999
PE ASSETS 14.0B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

Waterland Private Equity Investments BV is a private equity firm focused on mid-sized company investments in Central Europe. Waterland looks for businesses with €10 to €200 million in revenue and generally seeks companies operating in fragmented markets or industries undergoing change as a result of: outsourcing, the aging population, and a growing population with increased purchasing power. The Firm typically partners with entrepreneurs and management teams to accelerate the growth of their businesses or complete buyouts and consolidation strategies. Waterland Private Equity Investments was formed in 1999 and is based in Bussum, the Netherlands.


DEAL STATS #
Overall 55 of 58
Sector: Consumer Services M&A 3 of 3
Type: Add-on Acquisition M&A Deals 27 of 28
Country: Germany M&A 15 of 16
Year: 2023 M&A 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-12-12 Exercite

Bremen, Germany

Exercite is a B2B health and wellness network that operates brands Hansefit, Bedrijfsfitness Nederland, and Fitbase in Germany and the Netherlands. It offers more than 2.5 million employees from more than 7,000 corporate clients access to more than 12,000 sports and health facilities such as fitness rooms, swimming pools, wellness facilities, physiotherapy, climbing gyms, and dance studios. Exercite is based in Bremen, Germany.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-05-10 Bellew Electrical Wholesale

Dundalk, Ireland

Bellew Electrical is a provider of electrical distributor, supplying electrical contractors, installation companies, wholesalers, construction, and engineering companies. It offers products from all global electrical OEMs and supplies cabling, cable management products, lighting, wiring accessories, distribution boards, switchgears, and other electrical products. Bellew Electrical Wholesale was founded in 2006 and is based in Dundalk, Ireland.

Buy -