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.
This opportunity centres around an established UK-based company with a diverse portfolio of heritage brands, catering to both specialist institutional customers and broader consumer markets.
This is a unique opportunity to invest in a well-established UK business poised for expansion into the $20bn US portrait photography market with its high margin, digital data subscription model.
Nestled in a picturesque village on the North Wales/Shropshire border, this charming 16th-century inn offers a unique blend of history and modern luxury, featuring en-suite letting rooms, a spa, and a vibrant restaurant.
FREEHOLD
Looking for more businesses? Try our off-market tool.
Please choose your settings for this site below. For more information please read our Cookie Policy
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.