TSG Acquires Stadline, Signals Further European Expansion
TSG, an Advent portfolio company and leading global provider of business management software, integrated payments and value-added services, with focus on the health and fitness, childcare and early education, and boutique markets, has announced it has signed a definitive agreement to acquire Stadline, an innovative provider of management software and services to the fitness sector, primarily in France.
Created via the merger in 2015 of Stadline (founded in 2004) and Resamania (founded in 2008), Stadline is today considered as the most dynamic, innovative and advanced software as a service (SaaS) player in the French market. Via the recently developed Resamania v2, the Stadline solution serves large multi-site fitness chains’ needs, in a French market driven by consolidation.
“When we merged our companies in 2015, we had a vision to build a unique and innovative solution in the industry, dedicated to providing large, multi-site fitness chains with the features and services they needed and could not find elsewhere, said Frédéric Buisson, the CEO of Stadline. “Together with COO Pascal Farange and CTO Jérôme Weber, we are excited about this new chapter in the Stadline adventure, and more than ever willing to lead the company to execute the combined strategy.”
“We believe the combination of Stadline and TSG will further reinforce the market leader position of Stadline in France, leveraging TSG’s expertise in payments and value-added services to build a compelling integrated offering for clients,” said Floris de Kort, the CEO of TSG Group. “In addition, this combination will drive international expansion in markets where Stadline has already gained a foothold, notably starting in Spain. We are excited to join forces and welcome Frédéric, Pascal and Jérôme, a team of passionate entrepreneurs, in the TSG family.”
Vulcain (M&A), E&Y (financial and technology), Freshminds (commercial) and Weil, Gotshal & Manges (legal) advised Advent in connection with the transaction. Priscus (M&A) and DS Avocats (legal) advised the selling shareholders. Financial terms of the transaction were not disclosed.