The transaction once again indicates the current high level of interest from investment companies in the fitness industry, especially in the UK. Only a few months before the two biggest discounters on the island Pure Gym and The Gym Group were acquired by private equity firms.

David Lloyd Leisure and TDR Capital agreed in an investment of 70 million euros in the fitness business and the expansion of its current portfolio of 81 clubs. Expanding into Europe should be strengthened. "With the support of TDR we are confident that we can achieve our ambitious growth plans," said Scott Lloyd, CEO of DLL and son of the founder and former British Davis Cup captain David Lloyd.

DLL was established in 1980 and has currently over 440,000 members in its clubs. By that the supplier is in fifth position in Europe. In 2011, David Lloyd Club opened its new flagship in London and launched the pay-as -you-go fitness concept " DL studio" a year later . For 2013 a membership growth of 4% is reported.

Source: Reuters
Pictures: David Lloyd Leisure