---
title: "TDR Capital Reportedly Mulling $2.6B Sale of UK Fitness Giant David Lloyd Leisure"
url: https://burnaze.com/article/c6d704f7-035f-4168-bcb2-6813ed64325d
source: "Athletech News"
original_url: https://athletechnews.com/tdr-capital-mulling-sale-of-david-lloyd-leisure/
author: "Courtney Rehfeldt"
category: "Gym & HVLP"
industry: "Fitness"
segment: "Gym & HVLP"
published: 2023-07-07T21:08:26.000Z
modified: 2026-10-31T17:58:08.350Z
image: https://athletechnews.com/wp-content/uploads/2023/07/David-Lloyd-feature.webp
---

# TDR Capital Reportedly Mulling $2.6B Sale of UK Fitness Giant David Lloyd Leisure

**TL;DR:** TDR Capital is reportedly considering the sale of David Lloyd Leisure for $2.6 billion. TDR Capital acquired David Lloyd Leisure in 2013 and may proceed with an auction later this year if there is sufficient interest.

*By Courtney Rehfeldt, originally published in Athletech News on 2023-07-07. [Read the original](https://athletechnews.com/tdr-capital-mulling-sale-of-david-lloyd-leisure/).*

## Story

TDR Capital, a London-based private equity firm, is reportedly contemplating the sale of health and fitness club chain David Lloyd Leisure in a possible £2 billion ($2.6 billion) deal.

Morgan Stanley is advising TDR Capital on an auction of the fitness chain, according to Reuters.

Sources tell the publication that TDR is expected to proceed with an auction later this year should there be sufficient interest, but a decision has yet to be made.

TDR Capital acquired David Lloyd Leisure in November 2013 from London & Regional Properties and Caird Capital LLP. The firm had attempted a similar sale of David Lloyd in 2017.

According to a statement on TDR Capital’s website, the private equity firm followed David Lloyd for many years, believing it to be a “unique leisure concept and a premium property-backed asset.”

The sale would be significant, as the health and fitness group is Europe’s largest, with over 730,000 members and 131 clubs comprising brands David Lloyd Clubs, Harbour Clubs and David Lloyd Meridian Spa and Fitness in Germany.

According to an annual report and financial statement for 2021, the fitness operator noted that COVID-19 had a short-term negative impact on its member base, but stated the bounceback driven by strong performance in new membership sales had been “fantastic.”

Overall, David Lloyd Leisure reported that it remained confident in its business model, considering there to be substantial opportunity in the U.K. and European health and fitness market. The fitness operator recorded an increase in revenue when compared to the year prior, £341.3 million up from £238.7 million.

David Lloyd Leisure’s website is currently inaccessible and, according to a server status checker, has been down for over a week. However, the David Lloyd career site seems to be active.

## Entities

- Fitness (sector)
- Athletech News (publication)
- fitness industry (topic)
- private equity (topic)
- Courtney Rehfeldt (person)
- Morgan Stanley (company)
- Reuters (company)
- sale (topic)
- David Lloyd Leisure (company)
- TDR Capital (investor)
- TDR Capital acquisition of David Lloyd Leisure (deal)

---
Originally reported by Courtney Rehfeldt, Athletech News (https://athletechnews.com/tdr-capital-mulling-sale-of-david-lloyd-leisure/). Summarized by Burnaze (https://burnaze.com/article/c6d704f7-035f-4168-bcb2-6813ed64325d).