Spain's CNMC clears VivaGym's acquisition of Synergym, advancing gym consolidation

Spain's competition authority approved VivaGym's acquisition of rival low-cost gym chain Synergym, a move that consolidates the fragmented Spanish fitness market under private equity-backed VivaGym. The deal signals continued aggressive M&A by Providence Equity in the sector, though financial terms were not disclosed. The approval removes a regulatory hurdle and may pressure other regional operators to seek scale.