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 leading concrete solutions and grab hire company offers a strong market presence across Scotland, underpinned by a diverse fleet of vehicles and a skilled workforce. With a robust client base spanning multiple sectors and an impressive forward o...
This unique opportunity in Mid Glamorgan offers 33 letting bedrooms, leisure facilities, and a self-contained holiday let, all set within 3.38 acres of beautifully landscaped gardens with planning consent for extension.
FREEHOLD
Cardiff City Centre Hotel presents a prime investment opportunity with its central location and IHG branding, offering 122 air-conditioned bedrooms. A standout feature is the 6th-floor restaurant, bar, and roof terrace, which provide stunning city vi...
LEASEHOLD
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.