Impuls LTU, a Lithuanian health club chain, has received an investment of undisclosed amount from BaltCap.
The company intends to use the proceeds to expand the chain, both organically and through add-on acquisitions.
Impuls operates the leading Lithuanian health and fitness club chain with 8 gyms in the country’s main towns.
The company operates only large format clubs, whose size ranges from 2,000 sq. meters to 6,600 sq.meters.
They offer main workout and cardio areas, group exercise classes and pools as well as additional products and services.
The investment was made through Lithuania SME Fund, a growth capital fund managed by BaltCap as part of the JEREMIE initiative in the country.