Pihlajalinna Plc / Forever

Alder & Sound was a provider of financial and tax due diligence for Pihlajalinna Plc and its subsidiary Pihlajalinna Terveys Oy in the acquisition of Forever Fitness chain.

Ten fitness centres in the Southern Finland area will be transferred under the ownership of Pihlajalinna. In 2017, the revenue of the fitness centres to be acquired totalled approximately EUR 17 million, and their profitability was good.

For more information: Pihlajalinna to expand its service offering to wellbeing services – acquires the Forever fitness centre chain

A&S due diligence team involved:

Toni Turunen | Partner, Financial Advisory Services

Matti Kaloinen | Senior Associate, Financial Advisory Services

Antti Sauramo | Senior Associate, Financial Advisory Services

Tiina Piitulainen | Associate, Financial Advisory Services

Suvi Vänskä | Partner, Head of Tax Services