Mon, 08 Apr 2013 | BUSINESS SALE
Gym company David Lloyd could be sold to the US owner of the Belfry golf resort, KSL Capital Partners.
Blackstone, a US investment house, is also considering submitting a bid for David Lloyd, while other bidders are thought to be in the background. Investment bank UBS is advising on the business sale after being initially taken on to look at funding options to help the firm achieve its expansion plans.
David Lloyd runs over 80 tennis and fitness clubs in the UK and is currently controlled by London & Regional, a property company, and private equity firm Caird Capital. The company was founded back in 1980 by former tennis player David Lloyd and his son Scott. Whitbread bought the business in 1995, before it was later sold to Caird Capital in 2007.
The last sale went through at around £925 million and the next buyer is thought to pay around £900 million when the firm is sold.
David Lloyd is looking to expand its business further into Europe, as well as opening up clubs through a joint venture in India. Its most recent efforts have focused on high street fitness studios, although it does still have plans to open more larger clubs in the UK.
Whitbread sells David Lloyd Leisure for £925 million
The company offers a wide range of haulage services, including recyclable waste removal, building material haulage, and aggregate haulage. The business owns its fleet of trucks, avoiding borrowing or leasing, resulting in a debt-free and low-overhead...
Established in 1974, this leasehold butchers business with two bed accommodation is located in Stanwick.
Specialist concrete breaking services business, worked throughout the UK. A well-established and highly regarded name in the construction industry, carrying out specialist work in a very niche sector.
Stratford Energy, a solar energy specialist based in Stratfo...
Kids Planet has continued to grow its portfolio through acqu...
Administrators for Nottingham-based flexible packaging manuf...
The private equity owners of the David Lloyd gym chain are p...
The owners of the David Lloyd Leisure fitness clubs have app...
Business Sale Report is your complete solution to finding great acquisition opportunities.
Join today to receive:
All this and much more, including the latest M&A news and exclusive resources
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.