After having redressed and perpetuated more than sixty sports clubs within the independent network FORMRIDER, Philippe Ducos gathered in 2013 several professionals of the sector to found FORM DEVELOPPEMENT. The objective is to reproduce the “success stories” observed at FORMRIDER within an integrated network.
As an expert in fitness, Philippe DUCOS capitalizes on the infatuation of this market which records an annual growth of 7% in France. The reason is due to a significant delay compared to other European countries in the adoption of fitness, (ii) an aging population attentive to the better living and (iii) a deteriorated economic context favouring the practice of a sporting activity[anti-stress effect]. 1.2 M€ during a first round of table allowing him to make the acquisition in December 2013 of a first club located in Orléans then three others in Nantes.
Since the modification of the service offer, the commercial reorganization and the integration of new management tools, the company has recorded a doubling of its number of members.
In order to further accelerate its development, the company called on the investment bank PAX CORPORATE FINANCE to assist it in its search for institutional financing.
Thus, noting the effectiveness of the method developed by FORM DEVELOPPEMENT’s managers, the investment fund EKKIO CAPITAL is directly engaged with them in order to make several acquisitions in the next 5 years.
According to Enrick Gane, Manager at PAX CF “We are pleased to have collaborated with Philippe and his team on this fundraiser. The company and the FORM DEVELOPPEMENT project is for us full of future and its development is now ensured both by a team of professional managers and by a shareholder experienced in the build-up strategy”.
After having redressed and perpetuated more than sixty sports clubs within the independent network FORMRIDER, Philippe Ducos gathered in 2013 several professionals of the sector to found FORM DEVELOPPEMENT. The objective is to reproduce the “success stories” observed at FORMRIDER within an integrated network.
As an expert in fitness, Philippe DUCOS capitalizes on the infatuation of this market which records an annual growth of 7% in France. The reason is due to a significant delay compared to other European countries in the adoption of fitness, (ii) an aging population attentive to the better living and (iii) a deteriorated economic context favouring the practice of a sporting activity[anti-stress effect]. 1.2 M€ during a first round of table allowing him to make the acquisition in December 2013 of a first club located in Orléans then three others in Nantes.
Since the modification of the service offer, the commercial reorganization and the integration of new management tools, the company has recorded a doubling of its number of members.
In order to further accelerate its development, the company called on the investment bank PAX CORPORATE FINANCE to assist it in its search for institutional financing.
Thus, noting the effectiveness of the method developed by FORM DEVELOPPEMENT’s managers, the investment fund EKKIO CAPITAL is directly engaged with them in order to make several acquisitions in the next 5 years.
According to Enrick Gane, Manager at PAX CF “We are pleased to have collaborated with Philippe and his team on this fundraiser. The company and the FORM DEVELOPPEMENT project is for us full of future and its development is now ensured both by a team of professional managers and by a shareholder experienced in the build-up strategy”.
