Owners of David Lloyd gym chain ‘readying for sale’

Tue, 07 Mar 2017 | BUSINESS SALE

The private equity owners of the David Lloyd gym chain are preparing for a £1.3 billion sale of the business, according to reports.

The Telegraph said TDR Capital is looking to sell the chain after acquiring 16 Virgin Active fitness clubs from South African investment group Brait.

The newspaper said the sale is drawing interest from large private equity houses. An official auction is expected to take place this summer.

However, any sale is thought to be subject to the UK’s competition watchdog investigation into David Lloyd’s acquisition of those Virgin Active clubs.

David Lloyd operates 81 clubs in the UK and 11 in Europe, with 475,000 members and 6,000 employees.

The Telegraph said that the Virgin Active deal would boost David Lloyd’s earnings by around £10 million, helping TDR secure a higher price for the group, which was established in 1980 by David Lloyd, the former tennis player.

Find leisure and lifestyle businesses for sale.


Share this article



Latest Businesses for Sale

Multichannel Print & Media Management Company
UK Wide

Our client is a market-leading print and media management company, utilising changing trends and technologies to remain at the forefront of its sector. Offers invited.

Asking Price: Offers Invited
Turnover: £9,900,000

Diving Equipment Business
UK Wide

Established for over 37 years, the company has developed a strong industry reputation for providing consistently high-quality and high-performance diving equipment, complemented by excellent levels of customer satisfaction. The company offers a compr...

Asking Price: Offers Invited
Turnover: £997,000

FREEHOLD


Supplier of Products to Security Wholesale
UK Wide

Opportunity to acquire the entire issued share capital of a UK based supplier of infrastructure, power supply, transmission and ancillary equipment to the Security industry. A strategic buyer can benefit from the Company's extensive product range and...

Asking Price: Offers Invited
Turnover: £1,649,000


View more businesses for sale

News Search

Latest News

 
17
 
Oct
 

SYNETIQ acquires motor remanufacturer Motorman | BUSINESS SALE

Salvage and vehicle recycling company SYNETIQ Limited has ac...

 
17
 
Oct
 

Sealant company makes its first acquisition in Yorkshire | BUSINESS SALE

SD Sealants, a sealant and cosmetics repair business headqua...

 
16
 
Oct
 

Automotive supplier completes MBO | MBO/MBI

An automotive products supplier located in South Yorkshire h...

Free guide: 10 Biggest Buyer Mistakes

Sign up to receive our acquisition alert emails to get your FREE guide

Email


Related News

 
08
 
Apr
 

Business sale mooted for David Lloyd | BUSINESS SALE

Gym company David Lloyd could be sold to the US owner of the...

 
05
 
Dec
 

Owners of David Lloyd fitness centres explore sale | BUSINESS SALE

The owners of the David Lloyd Leisure fitness clubs have app...

Want access to the latest businesses for sale?

Business Sale Report is your complete solution to finding great acquisition opportunities.

Join today to receive:

  • Comprehensive range of businesses for sale
  • Make direct contact with business sellers or their intermediaries
  • Access to all UK administrations, liquidations and winding-up petitions
  • Daily email alerts for the latest businesses for sale & distressed notifications
  • Business Sale Report publication posted to you every month
  • Advertise your acquisition requirements on our "business wanted" section

All this and much more, including the latest M&A news and exclusive resources