Combination will create scaled network of 450+ clubs, enhancing accessibility and customer experience.
MÁLAGA – 27 APRIL 2026 – VivaGym, a fast-growing operator of High-Value Low-Price (“HVLP”) gyms in Spain and Portugal, backed by Providence Equity Partners L.L.C. (“Providence”), today announced that it has signed a binding agreement to acquire Synergym International (“Synergym”), the Luxembourg owner company of Synergym Holding, a complementary HVLP gym operator in Spain with more than 160 gyms in operation.
Subject to regulatory approval, the transaction brings together two complementary businesses to create a scaled fitness platform across Spain and Portugal. Upon completion, the group will be made up of a network of more than 450 clubs across Iberia, providing accessible, high-quality fitness to consumers in the region.
Building on VivaGym’s growth through organic expansion and strategic acquisitions, this deal marks a significant step in the company’s development. The combination is designed to create a stronger platform, better positioned to invest in innovation, improve the member experience and drive long-term value.
Members will benefit from access to a broader network of conveniently located clubs offering an expanded range of services.
The combined platform is expected to benefit from increased scale, network density and shared expertise and resources, positioning VivaGym to capitalise on strong long-term trends in health and wellness.
Cristina Burzako, CEO of VivaGym, said: “This is a defining moment for VivaGym which builds on a project that is already experiencing strong growth and allows us to accelerate our expansion strategy. We are bringing together two complementary businesses to significantly expand our reach and better serve members across Iberia. Our focus is on delivering a high-quality, accessible fitness experience, and this step allows us to accelerate that ambition. With a broader network and enhanced capabilities, we believe we are well positioned to keep improving our offer and driving the next phase of our growth.”
Robert Sudo, Managing Director of Providence, commented:
This transaction reflects our strategy of building strategic platforms in attractive, high-growth sectors. VivaGym has demonstrated its ability to expand, and we believe this acquisition further strengthens its position in the Iberian market. The business is benefiting from strong long-term trends of people willing to invest in health and wellness, alongside growing demand for accessible, flexible fitness in a market with continued participation growth and significant headroom. We see great potential to continue expanding the platform through both organic growth and targeted opportunities and look forward to continuing to work with Cristina and her expanded team.”
Jordi Bella, Managing Director of Synergym, commented: “This operation is the culmination of a period of success and expansion for Synergym. Joining forces with VivaGym is the natural next step following a journey that began in 2013. Our goal remains to continue improving the lives of thousands of people through high-quality clubs featuring specialized fitness areas, high-tech equipment, and highly qualified staff.”
VivaGym has been backed since 2024 by Providence, a specialist private equity investment firm focused on growth-oriented media, communications and education companies.
The transaction is subject to customary regulatory approvals. VivaGym was advised by Boston Consulting Group, Deloitte,Uria Menendez and A&O Shearman. Synergym was backed by Growth Partner since 2019, Oxy Capital since 2021 and All Seas Capital since 2024 and was advised by Houlihan Lokey and Garrigues.
About VivaGym
Founded in 2011 and headquartered in Málaga (Spain), VivaGym is a fast-growing HLVP fitness platform in Iberia. The company offers a compelling value proposition combining high-quality facilities, extensive group classes, long opening hours and affordable, flexible memberships, supported by a highly industrialised operating model and attractive unit economics. For more information, please visit https://vivagym.com.
About Providence Equity Partners L.L.C.
Providence Equity Partners L.L.C. is a leading middle-market private equity firm with deep sector expertise in media, communications and education focused on North America and Europe. Providence looks to invest in businesses that are benefiting from the long-term growth trends around experiences, learning, and connectivity by partnering with exceptional management teams to build enduring, scaled companies. Founded in 1989 in Providence, Rhode Island, the firm has invested over $40 billion across more than 180 portfolio companies with a transatlantic investment team based primarily in London, New York and Boston. Through disciplined portfolio construction, prudent risk management and a collaborative culture, the firm seeks to deliver strong results across market cycles. To learn more, please visit www.provequity.com.
About Synergym
Founded in Málaga in 2013, Synergym is one of Spain’s main fitness operators and among the fastest-growing gym chains in the country. The company offers a high-quality, accessible fitness experience through a flexible, low-cost membership model. Its clubs feature modern design, dedicated training areas, state-of-the-art equipment, and a broad range of group classes, supported by a highly qualified team.
Media Contacts
VivaGym
Paula Valdés / Harris Castillo
[email protected]
Synergym
Weber Shandwick
[email protected]
[email protected]
Providence Equity Partners
Profile Advisors
[email protected]
