Enterprise Investors Fund IX will invest up to EUR 20.4 million in 18GYM, one of Romania’s leading fitness chains, acquiring a significant minority stake. The transaction is subject to antimonopoly approval. Founded in 2012 by Vlad Ronea and his sister Alexandra Ronea, 18GYM is one of the leading fitness chains in Romania. The company has grown rapidly, driven by new club openings and strong member inflows. 18GYM operates 37 clubs with an average location size of approximately 1,500 square