- Strategic assessment: Potential sale of David Lloyd Leisure
- Strong performance amid industry concerns
- Key details: Expansion, employee count, and leadership
TDR Capital is collaborating with Morgan Stanley bankers on a strategic assessment that could lead to the sale of the company it has owned since 2013.
The longtime proprietor of David Lloyd Leisure, one of the largest upscale health and racquet sports chains in the United Kingdom, is preparing to consider offers of over £2 billion.
TDR Capital, the company’s owner since 2013, has hired Morgan Stanley financiers to conduct a review of its strategic options.
Tuesday, city sources said a transaction would only proceed if there was enough demand at an attractive TDR price.
David Lloyd operates approximately 150 clubs and is said to be doing exceptionally well despite growing concerns within the leisure industry regarding the impact of the rising cost of living.
According to bankers, other significant buyout firms are anticipated to evaluate offers for the chain.
Since being acquired from the property group London & Regional and the investment firm Caird Capital. It has substantially expanded in both the United Kingdom and Europe.
According to TDR’s website, the corporation employs more than 8,500 people and has more than 730,000 members.
In October 2012, David Lloyd announced the acquisition of the Madrid health centers ABC Serrano and La Finca.
The company is managed by its executive chairman, Glenn Earlam.
