Neoness, which operates a gym chain across Paris and other French cities, has raised $27.4m from Tikehau subsidiary Salvepar.
France-based gym chain operator Neoness has obtained €25m ($27.4m) from Salvepar, an investment firm wholly owned by financial conglomerate Tikehau Group.
The investment consists of both equity funding and convertible bonds, though the companies have not revealed individual amounts. Salvepar now holds a 25% stake in Neoness.
Founded in 2007, Neoness operates approximately 20 fitness centres across Paris and other French cities. Membership costs are kept low and start at €10 per month.
The company expects to use the funding…
