TDR Capital acquires David Lloyd Leisure

September 7, 2013

Coffer Corporate Leisure is delighted to announce its involvement in one of the sector's largest deals since the recession - TDR Capital's acquisition of David Lloyd Leisure. We acted on behalf of the TDR Capital in its takeover of the 91-strong leisure centre group from London & Regional and joint shareholders Caird Capital.

Mark Sheehan, Managing Director of Coffer Corporate Leisure commented "David Lloyd Leisure encompasses some of the best assets in the leisure sector with very successful and defensible clubs. There are high barriers to entry in the market for up-scale large family friendly clubs with tennis facilities. We believe that this is a landmark transaction which represents one of the biggest deals in the leisure sector since 2008 and will show excellent returns for the investor.

The deal is the latest in a series of successful forays into the leisure sector for the private equity house. In August TDR acquired the highly regarded Living Room business to merge with their existing pub company Stonegate and they have historically successfully acquired and sold Pizza Express.

Sheehan added; "The TDR team have long been savvy investors in leisure businesses. This is another example of those who have made money before in the sector and are now returning because they see the current environment as ideal to invest in."