David Lloyd has put his Next Generation Clubs fitness chain up for sale with a £200m price tag. Lloyd, the founder of Next Generation, is believed to have hired UBS to explore options for the business. Dermot Desmond, Michael Tabor, John Magnier and JP McManus, the private investors, own a combined stake of 60% in Next Generation, Scottish & Newcastle, the listed UK brewing group, has a 15% stake in the business, while the Lloyd family own approximately 10%. Esporta, Next Generation's UK-based rival in which Duke Street Capital has a controlling interest, was tipped as the obvious suitor for Next Generation in the report. Analysts put an estimated valuation on the business of £150m including £90m debt, based on an earnings multiple.