Business: São Paulo
Key Facts
—Deal. Smart Fit (B3: SMFT3) completed its purchase of at least 60% of Evolve on 3 August 2026, taking control of the Brasília-based gym operator.
—Price. The transaction values Evolve at R$199.7 million (about US$39 million), with an initial injection of R$39.7 million (about US$8 million) and up to R$60 million (about US$12 million) more tied to targets.
—Assets. Evolve runs 30 owned gyms, six of them opened in the past year, concentrated in the Federal District and the wider Center-West region.
