Consumer & Retail /

2020 turnover

EUR 337M

No. of employees


Acquisition date

June 2011


Fund III

SATS is the leading pan-Nordic health and fitness chain, operating under SATS, Elixia and Fresh Fitness brands. It has over 700,000 members and 220 clubs in Finland, Norway and Sweden.

Why we believe in SATS:

  • The Nordic fitness market is an attractive market underpinned by strong macro fundamentals
  • SATS is the #1 operator in the Nordics with unparalleled scale advantage
  • Attractive financial profile with multiple levers for further value creation and growth


Sondre Gravir


Investment Advisory Team

Jonas Aspelin Ramm

Tom Jovik