5 December 2018
Clifford Chance advises L Catterton Asia on its significant investment in Chinese fitness company Will's Fitness
Leading international law firm Clifford Chance has advised L Catterton Asia on its significant investment in Will's Group, the holding company of Will's Fitness, China’s leading provider of membership-based fitness facilities and services, with more than 130 fitness clubs across 12 cities.
The investment will help accelerate the growth of Will's Fitness in the premium fitness sector. L Catterton Asia is the Asian unit of the largest consumer-focused private equity firm in the world, formed through the partnership of Catterton, LVMH and Groupe Arnault.
China Co-Managing Partner Terence Foo led on the deal with Singapore partner Melissa Ng. They were supported by associates Ernest Shen, Claire Loke and Eric Zhang in China, and senior associate Alice Ho in Singapore.
Terence said, "We are honoured to represent L Catterton Asia on one of their key investments in the region as they strengthen their portfolio in the fast-growing consumer industry in China."
Clifford Chance has recently advised on a number of high-profile Asia-based consumer goods and retail transactions including Mitsui & Co. Principal Investments and L Catterton Asia on their acquisition of a stake in eyewear company OWNDAYS, on the household appliance producer Qingdao Haier's IPO on German-Chinese stock exchange platform Ceinex and on hotpot chain Haidilao's US$964 million IPO.