Clearwater acted as financial adviser to the owners of Exerp in the 50.01% majority share sale to Technogym, with the founders, management and other employees of Exerp to retain a 49.99% ownership.
Exerp is the leading provider of enterprise club management systems for the global fitness and leisure industry. The multi-tenant, modularly built Exerp platform is a standard club management system that acts as the centralised information source and member database for payment collection, reporting, business analysis and customer relations management. The aim of the platform is to transform clients’ businesses by reducing cost, promoting simplicity and fundamentally changing the way fitness operators interact with their members.
Technogym is the leading manufacturer of high-end fitness equipment and solutions for private homes, fitness clubs, hotels, spas, rehabilitation centres, corporate gyms, universities and professional sports facilities.
With the acquisition of Exerp, Technogym will strengthen its digital ecosystem and increase the company’s capability to offer fitness operators a complete solution in order to improve the end user experience.
