PARTNER RELEASE: Crosslantic Capital Takes Over Leading Online Fitness Specialists 7NXT
Bochum, May 25, 2018 – Crosslantic Capital, an independent investor with a focus on rapidly growing companies in the fields of technology-based services and consumer goods, is taking over the entire stake of ProSiebenSat.1’s subsidiary 7NXT with the Crosslantic Fund I fund. The company, founded in 2015, has established itself as a leading provider of online sports programs for different target groups in a short space of time. Its offerings include Germany’s largest fitness platform, Gymondo, and other coaching programs with famous personalities in fitness. The management team led by Markan Karajica will continue to be in place and will now focus on the next growth targets and making the offerings international.
The ProSiebenSat.1 Group continues to be indirectly involved as a fund investor in Crosslantic Fund I, meaning that the 7NXT offering can also grow in the future using television advertising in Germany as a customer of SevenVentures. The majority shareholder in the fund is Lexington Partners, which is a leading US private-equity fund. The acquisition is subject to approval by the competent antitrust authorities and further closing conditions.
Sascha van Holt, Managing Partner of Crosslantic Capital: “In the last few years, 7NXT has built up an extraordinarily attractive business with significant further potential for growth. I am very much looking forward to leading 7NXT into the next stage of development alongside the founding team.”
Markan Karajica, founder and Managing Director of 7NXT: “Over the last few years, we have built up successful brands in the DACH region. Now Crosslantic is just the right partner for our expansion, with whom we want to further develop our offerings and make them more international.”
- Digital-KommunikationMatthias BohligStv. Leiter Kommunikation Digital, Kommunikation Digital Entertainment, Studio71, European Media Alliance, ProSiebenSat.1 AcceleratorTel. +49 89 9507-2344Matthias.Bohlig@ProSiebenSat1.com