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.
The company offers a well-regarded own brand of hair care products focusing on hair growth and repair, featuring premium formulas that are natural, vegan, and cruelty-free. With a strong global presence and prestigious industry awards, the business h...
This business offers a cutting-edge process safety management platform with proprietary software that ensures proactive safety measures for both onshore and offshore assets. With a strong foothold in the oil and gas sector and recent expansion into i...
This business offers a comprehensive range of road surfacing and civil engineering services, supported by significant investments in state-of-the-art equipment and a recently acquired operational site in Scotland to optimise efficiencies. With robust...
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.