Smart Fit completes acquisition of 60% stake in Evolve for initial R$ 39.7 million contribution

Reuters2026/08/04 11:40

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Smart Fit completed the acquisition of control of Evolve on Aug. 3, 2026 via subscription of new common shares for a 60% stake.
Initial capital contribution set at BRL 39.7 million, with up to BRL 60 million more tied to contractual conditions and indexed to IPCA.
Evolve operates 30 company-owned gyms, concentrated in Brazil’s Central-West region, mainly the Federal District; additional units are under construction.
Final ownership may be adjusted based on Evolve’s net debt at closing, with no change to the stated capital contributions.
Shareholders’ agreement includes governance terms and call and put options enabling Smart Fit to buy out minority shareholders over time.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Smartfit Escola de Ginástica e Dança SA published the original content used to generate this news brief on August 04, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Smart Fit completes acquisition of 60% stake in Evolve for initial R$ 39.7 million contribution

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