LAVCA VC
  • News Feed
  • VC Data
  • Directories
  • Features
  • Tech Growth Coalition
  • LAVCA Gender Diversity
  • Engage
    • VC Council
    • VC Members
  • LAVCA
  • Member Login
  • Member Access

LAVCA VC

  • News Feed
  • VC Data
  • Directories
  • Features
  • Tech Growth Coalition
  • LAVCA Gender Diversity
  • Engage
    • VC Council
    • VC Members
  • LAVCA

Alta Growth Capital Invests in Grupo Bienestar

24 August 2016

(Press Release) Alta Growth Capital announced an investment in Grupo Bienestar, a fitness center operator in Guadalajara, Mexico for an undisclosed amount.

GEB has successfully developed and operated fitness centers in the premium segment under the brand Vivo47, and more recently, a differentiated low-cost fitness club model called Easy Fit. Through this transaction, AGC partnered with the original founders and operators to provide the business with additional capital for its expansion plan.

“This partnership makes it possible to take GEB to the next level,” said Gerardo Villarreal founder of GEB. “Alta Growth Capital will not only bring the necessary funds for growth, but also help refine and improve our strategic initiatives in order to achieve our aggressive future plans.”

“We are excited to partner with the original shareholders of the company and look forward to continuing the growth of the company,” said Rafael Payro, Managing Director of AGC. “We believe GEB will benefit from the growing middle class in Mexico that wants to improve their lives through fitness.”

Health macro trends continue to drive the expansion of fitness centers. It is expected that the fitness industry will grow at a much higher rate than the national economy and GEB can benefit not only from the industry growth, but also from the low penetration in certain regions. Javier García Teruel, Managing Director at AGC, commented “The Easy Fit low cost fitness centers present a differentiated value proposition that we believe is hard to match by competitors. Our partnership will allow the company to successfully grow at a fast pace.”

Alta Growth Capital Invests in Grupo Bienestar was last modified: September 6th, 2016 by Editor
Alta Growth CapitalFitnessGrupo BienestarGuadalajaraMexicoVivo47
0
Facebook Twitter Google +

Tech Growth Membership

The 2023 LAVCA Startup Founders Survey is made possible thanks to the support of LAVCA’s Tech Growth Membership, a group of leading tech companies and investors advancing the tech ecosystem in Latin America including AWS, Mercado Libre, Microsoft, Qualcomm Ventures, SVB, Riverwood Capital, Google and Movile.

VC Partner Events

    Tweets

    Missing consumer key - please check your settings in admin > Settings > Twitter Feed Auth

    Submit VC News

    Have private equity or venture capital related news that you would like to share? Submit your press releases and news to [email protected].

    VC Industry News

    • Valor Capital Group and NFX Co-Lead USD9.3m Series A for Brazil’s Praso

      30 August 2023
    • EQT Growth Leads USD85m Series F for Brazil’s Gympass at USD2.2b Valuation

      23 August 2023
    • Tiger Global Leads USD61m Series B for Brazil’s Nomad 

      22 August 2023
    • NASZCA and IDB Invest Lead USD15.5m Series A for Mexico’s Wonder Brands

      17 August 2023
    • Victory Park Capital Provides USD100m Credit Facility for Mexico’s Klar

      15 August 2023
    • General Catalyst Lead USD45m Series B for Brazil’s Tractian

      7 August 2023
    • General Catalyst Leads USD45m Round for Brazil’s Tractian

      7 August 2023
    • ADQ Provides USD100m In Convertible Debt to Brazil’s Loft

      2 August 2023
    • Danish SDG Investment Fund Leads USD31.5m Series C for Mexico’s Bright  

      27 July 2023
    • Colombia’s Foodology Raises USD17m from Andreessen Horowitz, 30N Ventures and Chimera

      19 July 2023

    About LAVCA

     

    LAVCA is the Association for Private Capital Investment in Latin America, a not-for-profit membership organization dedicated to supporting the growth of private capital in Latin America and the Caribbean through research, education, networking and advocacy.

    LAVCA Office

        New York City:
        589 8th Ave, 18th Floor
        New York, NY 10018

    Explore LAVCA.org

    • About LAVCA
    • Board, Team, & Advisors
    • Media
    • Contact Us
    • Membership Benefits
    • Members Only Access
    • Education and Programs
    • Research
    • Policy
    • LAVCA VC
    • Contact Us

    @2020 - LAVCA. All Rights Reserved.


    Back To Top