Racquet golf equipment big David Lloyd serves up £2bn-plus sale

The long-standing proprietor of David Lloyd Leisure, certainly one of Britain’s greatest upmarket well being and racquet sports activities chains, is getting ready to hearken to provides of greater than £2bn.

Sky News has learnt that TDR Capital, which has owned the enterprise since 2013, has engaged bankers from Morgan Stanley to work on a assessment of its strategic choices.

City sources mentioned on Tuesday {that a} sale would solely proceed if there was curiosity at a sufficiently enticing valuation for TDR.

David Lloyd trades from roughly 150 golf equipment, and is alleged to be buying and selling extraordinarily nicely regardless of rising leisure business issues in regards to the affect of the price of dwelling disaster.

Bankers say that different massive buyout corporations are anticipated to look at provides for the chain.

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It was purchased from the property group London & Regional and funding agency Caird Capital, and has since expanded considerably each within the UK and Europe.

Employing greater than 8,500 folks, the corporate boasts greater than 730,000 members, based on TDR’s web site.

Last October, David Lloyd introduced the acquisition of ABC Serrano and La Finca well being golf equipment in Madrid.

The firm is run by Glenn Earlam, its government chairman.

TDR declined to remark.