Debt raising advisory

Advisor to Synergym in securing financing for its organic expansion plan involving the opening of +100 new clubs

Synergym is one of the leading fitness centres operators in Spain, specializing in the smart price segment and pursuing an ambitious expansion plan through organic openings.

AZ Capital acted as exclusive financial advisor to Synergym in a two-phase transaction: first, the entry of a minority investor to strengthen the company’s balance sheet; and second, the arrangement of a new €70MM syndicated loan, including an additional €30MM accordion facility, aimed at refinancing existing debt and funding future openings to support its strategic growth plan.

This new capital structure strengthens Synergym’s financial position, streamlines its banking pool, and provides the resources to continue expanding its footprint. The financing was fully syndicated among banks and alternative lenders.

Sector: Consumer Goods and Retail