Smart Fit is not leaving Colombia: what Patria Investments' shareholding exit means for the brand

TL;DR

Patria Investments has sold its remaining 7% stake in Smart Fit, concluding a gradual divestment of its 40% holdings.
The transaction was conducted on the stock market, with Smart Fit being a listed company.
This move represents the exit of Patria as a financial investor and does not signify a change in control, closure, or departure from Colombia.
Smart Fit's operations in Colombia continue normally, with the country remaining a strategic market for the fitness chain.
The divestment is a typical private equity cycle, not a business retreat by Smart Fit from the Colombian market.

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