Intaj Capital II Invests in Fitness One Vega (MENA)

Source: Swicorp

Private financial services group Swicorp has invested in Jordan-based health and fitness club management business Fitness House Company (Fitness One). The transaction was structured through Swicorp’s Intaj II vehicle. Fitness One owns and operates fitness centers, including six women-dedicated fitness centers, and “Vega” centers offering diving, rock climbing and mixed martial arts. Over the next three years, the company plans to focus on the development of Fitness One Vega into a regional fitness platform with a presence in the Middle East and Africa. Financial details of the transaction were not disclosed.