PARIS, August 29, 2025 – Proskauer advised Montefiore Investment on the sale of Cercles de la Forme, a leading Paris fitness club network, to Wellnest Society, a major player in the French fitness market.
The transaction marks the completion of a transformation phase driven by the founders together with Montefiore Investment, a reference investor in European service-sector SMEs and mid-cap companies. Over this period, Cercles de la Forme implemented an ambitious growth strategy, expanding its network from 15 clubs in 2017 to 26 in 2025 through targeted acquisitions and new openings. This strong momentum has further consolidated its leadership position in the Paris market.
Founded in 1980 by Sandrine and Bertrand Bonelli, Cercles de la Forme has become a benchmark in Parisian fitness, operating 26 clubs across the capital.
The Proskauer team was led from Paris by partner Jeremy Scemama and included counsel Aymeric Robine and associate Philippine Rakover (M&A); and partner Gwenael Kropfinger and associate Maxime Dussartre (Tax).
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