RITM

Who owns RITM?

RITM is currently owned by Ekkio Capital through Ekkio Capital IV (2016 vintage), since 2015.

Hand-verified · updated 2026-06-10

About RITM

RITM is a Paris-based premium fitness club operator that runs a network of studio-style gyms combining strength and cardio zones, group classes, personal coaching and wellness spaces. It currently operates eight clubs, six in Paris (Saint Germain, Champs Elysees, Ternes, La Fontaine, La Motte-Picquet and Boulogne) and two in Nantes (Jules Verne and Canclaux), complemented by a member mobile app for class booking and performance tracking and an on-demand video catalogue. The brand positions itself at the upscale, wellness-oriented end of the French fitness market, marketed as an eco-responsible and design-led alternative to mass-market chains rather than a low-cost model. Its flagship, opened in early 2020, occupies a 1,350 square metre former cinema near the La Motte-Picquet metro in the 15th arrondissement, fitted with a living green wall and exposed timber. Membership runs on subscription, with the premium concept priced well above budget operators.

Ownership journey

The operating platform behind RITM, Form Developpement, was founded in France in 2013 by Philippe Ducos, who had previously restructured more than sixty clubs within the independent FORMRIDER network. The company raised an initial EUR 1.2 million in December 2013, funding its first club in Orleans and three further sites in Nantes. In 2015 Ekkio Capital took control of Form Developpement, investing through its Ekkio Capital IV fund in a leveraged transaction, with a mandate to pursue a series of build-up acquisitions over the following five years. Ekkio Capital remains an active shareholder and continues to list RITM among its current portfolio companies; no exit or secondary transaction has been recorded. Alexis Gardy, previously with Roland Berger, has led the business as president since 2019.

Under PE ownership

Under Ekkio Capital's ownership the platform shifted from a regional roll-up into a Paris-anchored premium brand. In late 2015 it acquired six premium clubs in western Paris from Dutch operator HealthCity, a portfolio generating around EUR 12 million in annual revenue, and over the following years the network expanded to as many as nineteen centres and more than 35,000 members across France, with membership at the earlier clubs reported to have doubled after commercial reorganisation and new management systems. In February 2020 the group launched the RITM concept, rebranding acquired HealthCity sites toward a design-led, wellness-focused format and opening its converted-cinema flagship. When clubs closed during the 2020 lockdown, RITM pivoted quickly to digital delivery, adding free short video classes and daily live sessions under a "sport a emporter" remote model. The current eight-club footprint reflects a consolidation of that estate around the premium Paris and Nantes locations.