Published by Global Banking & Finance Review®
Posted on September 8, 2025
2 min readLast updated: January 22, 2026
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TDR Capital sells its stake in David Lloyd Leisure for £2 billion to a new vehicle, ensuring continued growth and investment.
(Reuters) -TDR Capital said on Monday it agreed to sell its stake in David Lloyd Leisure to a newly formed continuation vehicle that will take majority control of the health and fitness club chain.
The Financial Times said the deal valued David Lloyd Leisure at about 2 billion pounds ($2.71 billion), citing people familiar with the matter.
Reuters could not immediately verify the valuation.
Under the deal, the new TDR Capital Titan fund will acquire the stake in David Lloyd Leisure from TDR Capital III, another TDR fund.
TDR Capital Titan, backed by investors including the Children’s Investment Fund Foundation, S3 and investment funds managed by Coller Capital, will also allocate more than 100 million pounds to support David Lloyd Leisure’s growth.
TDR took control of David Lloyd Leisure in 2013 from London & Regional and Caird Capital LLP for 750 million pounds. It has made several attempts to exit its ownership but has struggled to find a buyer.
"The transaction has allowed our current investors the option for a full exit, and we are very pleased to be continuing our work with ... the wider David Lloyd team." Tom Mitchell, Managing Partner at TDR Capital, said in a statement on Monday.
($1 = 0.7392 pounds)
(Reporting by Raechel Thankam Job in Bengaluru; Editing by Tasim Zahid)
Equity represents ownership in a company, typically in the form of shares. It gives shareholders a claim on the company's assets and earnings.
Valuation is the process of determining the current worth of an asset or a company based on various factors, including market conditions and financial performance.
Corporate governance refers to the systems and processes that direct and control a company, ensuring accountability and transparency in its operations.
An investment fund is a pooled investment vehicle that collects money from multiple investors to invest in various assets, managed by professionals.
The financial community comprises individuals and organizations involved in the management, investment, and regulation of financial assets and markets.
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